BiggerPockets Newsletter: Tax Credits, Real Estate Development, and Motivation

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Sunday, November 15, 2009

BiggerPockets Bits

 

• If you've got a Facebook account and have connected to your BiggerPockets account, you've been able to post your new blog posts, forum threads, bulletins, and property listings direct to FB for a few weeks now. You can now post your status here on BP, and it will automatically be shared on FB!

  
  All you need to do it make sure you connect, and you can elect to turn on or off the various sharing features by editing your settings through the SETTINGS & PRIVACY link in the dashboard and then clicking the Facebook tab.

• Learn why greeting new BiggerPockets members is good for business.

   

• Denver Investors, Professionals, etc: Join us for the BiggerPockets Denver: November Get Together 11/19/09 downtown . . . for more information, click here OR RSVP here.

 

Articles and Forums of the week:

Pick of the Week:

5 Reasons Why Real Estate Investors Fail - This article from blogger Ryan Moeller looks at five important things that shouldn't be overlooked if you don't want to fail as a real estate investor

Discussion of the Week:

Always Purchase Your Materials Yourself or Else! - A debate over whether you should purchase construction supplies for your rehab projects to protect yourself. Join the discussion.

Series Recap: Residential Land Development

This series, from Craig Grella, takes a detailed look at how to develop residential land for housing from start to finish. It is a great primer for anyone who might be interested in developing.

Part 1: The Basics

Part 2: Determining Economic Feasibility

Part 3: Zoning, Design, and Financing

Part 4: Construction and Marketing

 

News & Commentary:

Commercial Loan Modification Program From Fannie Mae - Fannie Mae is now offering a new commercial loan modification program aimed exclusively at commercial real estate owners who are unable to make their monthly mortgage payments.

How Can Real Estate Investors Profit from the Home Buyers Tax Credit Extension? - Why not figure out how to profit off the latest and greatest real estate legislation, right? Here are some ideas.

The $8,000 Tax Credit Question: Are We Setting Ourselves Up For An Even Bigger Problem? - A commentary on the value of the $8,000 tax credit extension.

General Real Estate Tips:

Finding Mortgage Professionals Who ‘Get It’ - A look at choosing the right mortgage professional to work with.

Use the Power of 100 to Achieve Your Business Goals - Real estate is a business where networking is an essential key to success. Learn about the power of 100 and how it can help you become a real estate networking expert.

Five Tips to Help Pull Yourself Out of a Real Estate Rut - We all get burned out from time to time. Here are some tips to get yourself out of that real estate rut.

The Importance of Accountability Partners - It is often difficult to keep yourself on task if you're working on your own, and for most in real estate, that is the case. Here's a look at using accountability partners to help you succeed.

Real Estate Investing:

Rehabbers: Know the Warning Signs of Over-Improvement - It isn't difficult to take a great deal and turn it into a money pit if you lose sight of what you're doing. Here's a great article to help you know the signs of over-improvement.

Landlords Beware: Discrimination can cost you Millions! - On November 3rd, the Justice department received the biggest settlement on a housing discrimination lawsuit. Here's your reminder to watch your p's and q's when it comes to discrimination against potential tenants.

6 Steps to Generate Private Money - Here are some keys to get more Private Money then you could ever need.

The Time to Educate Yourself Occurs Long Before You Need That Education! - Waiting to learn about how to be a landlord or rehabber after you've already jumped in with both feet can lead to some serious problems . . . watch out!

Short Sale - Important Question - a few questions about making offers on short sale properties and a great discussion to follow.

Commercial Real Estate:

Get Access to the Distressed Commercial Property "Shadow Market" - There are a lot of distressed owners and distressed Properties in nearly every market, and are held in the "shadow market." Here are some tips to find them.

NOI - To include or not to include Capital Improvements - The title says it all on this one.

Real Estate Professional's Corner:

Real Estate Agents Can Process Short Sales in Seven Easy Steps - Any agent can learn to master the seven relatively easy steps to completing a short sale. Here's how.

Tech Tips:

Scout Investor Hotspots with Google Earth and Multiplottr - As an investor who desires to dominate their farm area, you need all the tools you can get to make educated market decisions. Using this mapping technique can give you the extra data you need to stay ahead of the pack.

2 Tools to Embed Real Estate Videos on Your Twitter Stream - More and more people are using Twitter to communicate. This article looks at two tools that you can use to communicate through Twitter via video.

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