Real Estate: Seeing Beyond the Hardware

Anyone who is about to purchase a new home or anyone who did it in the past knows how big an investment it is. In fact, official figures easily confirm that buying a new place to live is a truly significant financial venture: the Federal Reserve Bank of New York’s February 2013 quarterly report on household debt and credit states that mortgages represent 71% of the aggregate debt balance of American households. This striking fact speaks to the importance of carefully weighing the pros and the cons of a given property before actually purchasing it. Most future homeowners are well...

Career Advice from 3 College Seniors Who’ve Landed Jobs with Top Real Estate Firms + MORE

Do You Have the Mindset to be on Shark Tank? – biggerpockets.com/renewsblog/ I am a huge fan of the show, probably because I have been an entrepreneur now for over 25 years, always generating my own income since I was 19. I like a lot of the investors, but I think the one I like the best is Robert Herjavec. Every time a new entrepreneur wannabe steps up and tells the tank how much their own time is worth, Robert get visibly annoyed and has no problem expressing his feelings about the subject… Continue Reading On biggerpockets.com/renewsblog/ » Career Advice...

10 Ways to Help Out Your Property Management Company

10 Ways to Help Out Your Property Management Company – biggerpockets.com/renewsblog/ I’ve read a lot here on BiggerPockets about the pros and cons of using a property management company, but have you ever considered how property management companies view property owners? Property management companies fully expect to maintain the properties they manage and manage the tenants who live in them… Continue Reading On biggerpockets.com/renewsblog/ »  

Why Buyers Should Consider Foreclosures or Short Sales + MORE

Why Buyers Should Consider Foreclosures or Short Sales – zillowblog.com For years, many buyers routinely steered clear of foreclosures and short sales. In their minds, such properties were “damaged goods” — real estate remainders that were likely to be dumps and money pits. Why risk such a big investment on a property sold in distress? We’re now in a housing market unlike any we’ve seen in years… Continue Reading On zillowblog.com » Saudi Prince Reportedly Sells Flying Mansion for $500 Million – realestate.aol.com Filed under: News, Celebrity Homes Just when we thought we’d seen the heights of luxury, we get...

7 Ways Solar Panels Will Save the Planet and Make You Rich + MORE

Walkscore’s New ChoiceMaps: A Deeper Measure of Walkable Neighborhood Amenities – geekestateblog.com/blog/ Walk Score has always been at the forefront of delivering a digital representation of a neighborhood’s walkability to consumers.  From a standardized scoring system to interactive maps showing entertainment, dining, transit, and retail options, the Walk Score system has become a standard metric for many consumers considering whether or not they need a car for their intended relocation… Continue Reading On geekestateblog.com/blog/ » Lilly Pulitzer’s Tropical Estate Gets a Price Cut – zillowblog.com The landscaping of Lilly Pulitzer’s Palm Beach estate is nearly as bold as the prints...

Why Investing in 2nd Mortgages Can Be Risky + MORE

Why Investing in 2nd Mortgages Can Be Risky – biggerpockets.com/renewsblog/ Let’s face it; investing in junior liens can be risky. Even the market place trades 2nd mortgages and other junior liens at some pretty steep discounts, especially when they’re delinquent. But why can they be so risky? Let’s take a look at the three biggest factors: 1.) Lien Position First and foremost is lien position… Continue Reading On biggerpockets.com/renewsblog/ » Signs the Housing Recovery Has Moved Into Your Neighborhood – realestate.aol.com Filed under: News, Economy, SellingJust because all the talking heads are saying “housing is back!” doesn’t mean everyone is...

Why Investing in 2nd Mortgages Can Be Risky + MORE

Why Investing in 2nd Mortgages Can Be Risky – biggerpockets.com/renewsblog/ Let’s face it; investing in junior liens can be risky. Even the market place trades 2nd mortgages and other junior liens at some pretty steep discounts, especially when they’re delinquent. But why can they be so risky? Let’s take a look at the three biggest factors: 1.) Lien Position First and foremost is lien position… Continue Reading On biggerpockets.com/renewsblog/ » Signs the Housing Recovery Has Moved Into Your Neighborhood – realestate.aol.com Filed under: News, Economy, SellingJust because all the talking heads are saying “housing is back!” doesn’t mean everyone is...

Using Pinterest For Rehab Tips and Tricks + MORE

Rentals Spotlight: Atlanta – zillowblog.com Looking for a place to rent in Atlanta? From studios to single-family homes, take a look at the rentals we found on the market in this city. $600 – $700 873 Charles Allen Dr NE, Atlanta GA For rent: $695 per month Relax on the porch in this pet-friendly studio apartment, located in Midtown just blocks from Piedmont Park… Continue Reading On zillowblog.com » How to Buy a Small MultiFamily Property: A Step by Step Case Study – biggerpockets.com/renewsblog/ I really like small multifamily properties, and I talk about them an awful lot. Several months...

Career Series – What it’s Like Working in the CMBS Group of a Major Investment Bank + MORE

Career Series – What it’s Like Working in the CMBS Group of a Major Investment Bank – astudentoftherealestategame.com/ Over the past few weeks I’ve spoken with numerous college seniors looking to break into real estate. Each of them is happy to report that the hiring market is beginning to pick up; they’re seeing more opportunities, getting more interviews, and generally have increased optimism. One sector of the market which has seen a lot of hiring activity is CMBS… Continue Reading On astudentoftherealestategame.com/ » NYC's 'Steampunk Loft' Finally Sells — And Our Hearts Break – realestate.aol.com Filed under: News Our dream...

Our Simple Strategy for Closing More Deals Through Relationships + MORE

Our Simple Strategy for Closing More Deals Through Relationships – biggerpockets.com/renewsblog/ From the day we began, we always wanted to be a very different kind of company. We started our business in 2008, after the colossal meltdown of the financial industry fueled by many unscrupulous acts in Real Estate investing and lending. It was only AFTER we began investing that we heard about some of the things people had done to make a quick buck, and sometimes LOTS of bucks, unethically… Continue Reading On biggerpockets.com/renewsblog/ » Memphis Named As #1 In Another Real Estate List… – blog.memphisinvest.com/blog#sthash.4aMW99W1.dpbs Memphis, TN. Named...

The Truth About ROI (aka Your Rate of Return)

The Truth About ROI (aka Your Rate of Return) – biggerpockets.com/renewsblog/ “82% ROI, come and get it!!” (yells through megaphone, waves flag…) Can you picture it? I can. Who wouldn’t want an 82% return on investment? You’d have to be out of your mind to say no to that. Well, then why do people say no? Because what a seller claims the rate of return (ROI) on a property to be may not be completely accurate… Continue Reading On biggerpockets.com/renewsblog/ »  

The Home Bidding Wars Are Back! + MORE

10 Shocking Truths About Real Estate Investing – biggerpockets.com/renewsblog/ Stop the hype already. Please. We don’t need any more big promises, big cars, or big hair – and we really don’t need anymore infomercials (even though this article from Clay Huber is a pretty entertaining look at one!) We need action. We need actionable steps to get moving. I understand the importance for motivation… Continue Reading On biggerpockets.com/renewsblog/ » The Home Bidding Wars Are Back! – realestate.aol.com Filed under: News By Les Christie The bidding wars are back. Seemingly overnight, many of the nation’s major housing markets have gone from...

Prices Are Way Up: April 2013 State of the Real Estate Market + MORE

Step 7 – “Love to Hear Your Clients Going Tweet Tweet Tweet”: 12 Steps Crucial to an RE Professional’s Internet Presence – geekestateblog.com/blog/ Last Week we Discussed … Step 6 – “Ready, Set, GoDaddy”: 12 Steps Crucial to an RE Professional’s Internet Presence Today we introduce the first of 3 Social media Giants, Twitter! Please don’t comment, or email regarding the additional 267 Social Media Outlets we could have chosen (Keeping in mind that Facebook & LinkedIn are next)… I know there are lots of wonderful and exciting places to suck up your time at work, but since we are just starting out, let’s just focus...

The Cycle Continues – Obama Wants Banks to Lower Home Lending Standards + MORE

Sequestration and Section 8 Housing – biggerpockets.com/renewsblog/ Sequestration: the ten years of automatic, across-the-board budget cuts that started March 1. It’s here and it’s effects are being felt. The federal Section 8 housing assistance program has had five consecutive years of inadequate and declining program funding. Things are about to get worse. A March 8, 2013 letter from the US Department of Housing and Urban Development on the HUD… Continue Reading On biggerpockets.com/renewsblog/ » The Cycle Continues – Obama Wants Banks to Lower Home Lending Standards – therealestatebloggers.com The housing industry has always been in a cycle where the the...

Making Money Investing In REO’s [From Both Sides!] + MORE

What Does Your House Style Say About You? – realestate.aol.com Filed under: Design, News People across the United States long for and love their homes. And why not? It’s their own little corner of the world! But it also might be a window into their personality! What messages are you sending if you’re the owner of a colonial, Tudor or bungalow home? %Gallery-184616% See more on Homesessive: Avoid the Most Costly Home-Furnishing Mistakes Make Your Rental Feel More Like Home Creating a Healthy Home Office More on AOL Real Estate: Find out how to calculate mortgage payments… Continue Reading On...

Does Your Location Foster Long Term Tenants? + MORE

Does Your Location Foster Long Term Tenants? – biggerpockets.com/renewsblog/ Selecting good tenants is one of the keys to being a successful landlord.   Getting those good tenants to stay for the long term is another.  Long term tenants are good for business as they reduce the costs associated with tenant turnover.  However your property’s location and the associated tenant base may not foster long term tenancy… Continue Reading On biggerpockets.com/renewsblog/ » Hottest Digs of March 2013 – zillowblog.com Madness went beyond the basketball court this March, with these top-10 photos from Zillow Digs making interior-design fans go wild. See what images...

Private Lenders…Where are Your Borrowers? Tips for Finding Qualified Borrowers

Private Lenders…Where are Your Borrowers? Tips for Finding Qualified Borrowers – biggerpockets.com/renewsblog/ How do you find people to lend to as a private lender? TRUE STORY:  I was golfing with a friend of mine, and we were talking about the federal reserve and how banks make money.  As we were walking up a steep grade to the picturesque 7th hole (I always walk the course unless in a scramble or tournament) my friend said, “Lee, I would like to make money like you do, but how do you find the borrowers or notes to buy?”  If I had not heard that...

Battle of the Cap Rates + MORE

Real Estate Q&A: Revocable Trusts and Wrap-Around Mortgages – zillowblog.com Each month, San Diego State University lecturer and Zillow Blog contributor Leonard Baron answers two questions from readers regarding buying, selling and investing. Have a question? Send it to Leonard@ProfessorBaron.com Revocable trusts Hi Professor — I keep hearing about trusts and that forming one can be a good idea to save money on taxes and maybe provide liability protection to my assets… Continue Reading On zillowblog.com » Tampa Apartment Complex to Get Renovations to Curb Violence – realestate.aol.com Filed under: News Crime, violence and conditions in which people “are living like pigs” has...

@Zillow Roundup 3-29-13: Look Outside + MORE

How to Invest in Real Estate with No Money – biggerpockets.com/renewsblog/ In typical fashion, I couldn’t get to sleep. I had consumed enough caffeine to wake a sleeping bear and was stuck staring at the ceiling, waiting for my dreams to start – to no avail. As was the tradition most of those nights during college, I flipped on the television in an effort to numb my mind enough to try again later… Continue Reading On biggerpockets.com/renewsblog/ » House #42: Staging Pictures – 123flip.com/blog The WI-2 House is completed and listed for sale… The project went very smoothly and it...

Younger Buyers Jumping Into Retirement Real Estate + MORE

The Top 20 Los Angeles Real Estate Agents in 2012 – movoto.com/blog/ As the real estate median list price continues to rise in Los Angeles, now is a great time for sellers to put their home on the market–just in time for the spring buying season. In a city abounding with excellent real estate professionals, we’re featuring the top producers from 2012. Los Angeles, known for being the home of celebrities and the rich and famous, caters to a special clientele… Continue Reading On movoto.com/blog/ » The 6 Million Dollar Squatter – therealestatebloggers.com If you are an older guy like...

4 Things The Kardashians Teach Us About Real Estate Investing + MORE

4 Things The Kardashians Teach Us About Real Estate Investing – biggerpockets.com/renewsblog/ I’m ashamed to admit it but my wife has me hooked on Keeping Up With The Kardashians.  For those who are lucky enough to not know who the Kardashian’s are, they are a family of socialite reality TV stars whose lives are chronicled nightly on the E! Network.   In addition to their reality TV success, the Kardashian’s have branched out to business ventures that include diet pills, women’s perfume and even branded their own women’s clothing line that they sell at the Kardashian boutique appropriately named Dash… Continue...

Tips To Spend Less On Your Mortgage

Many people are looking to cut the cost of their mortgage repayments, especially in the midst of a recession. For homeowners, mortgage repayments will be the biggest debt, and also the largest monthly expense, so it makes sense to try and save money anywhere you can. So, just what can homeowners do to trim some cash off their mortgage payments? Take a look at some of the best top tips to spend less on your mortgage every month, and see how much you can save! Extra Mortgage Payments If you’re looking to cut the cost of your mortgage, as well...

Relocation Inquiries & Strategies + MORE

NAR Invests in 6 Startups Through REach Accelerator Program – therealestatebloggers.com I bet you did not know that the National Association of Realtors (NAR) runs an accelerator program for new startups through their Second Century Ventures fund, did you? I didn’t until this week, but it is a concept worth exploring. Innovation through technology has been an important driver in the real estate industry, and needs to be supported… Continue Reading On therealestatebloggers.com » March Update – shaunsre.blogspot.com/ I’ve been away for a couple weeks on a cruise to Hawaii. Got back and found out my hard money loan #22 finally...

Value Creation in Real Estate + MORE

House #47: Final Analysis – 123flip.com/blog We closed on the sale of The Divorce House today… This was a pure wholesale deal — I never even saw the property! The buyer was the same investor who purchased The Retail House and plans to hold it as a rental. Given that I never saw the house, there’s not much I can really say… Here are the final stats and financial details: Timelines Here are the key timeline milestones: Purchase Offer Date: 2/7/2013 Purchase Closing Date: 2/25/2013 Rehab Completion Date: 2/25/13 Sale Listing Date: 2/28/2013 First Sale Contract Date: 3/6/2013 Final Sale...

Deals that Keep you Moving Forward….$20K into $85K in 5 days!

Deals that Keep you Moving Forward….$20K into $85K in 5 days! – biggerpockets.com/renewsblog/ If you are a golfer, you know that some days you can do nothing right. You hit (or shank) your ball left, right, short, long, in the trees, in the water, in the sand, and basically have a horrible day.  You start to mumble to yourself, “This is it, this is the LAST time I’m ever going to play this lousy game!”  Then it happens… Continue Reading On biggerpockets.com/renewsblog/ »