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Why choose RE investing?
20 November 2010 | 10 replies
Over the years, I've done a lot of investing in stocks, mutual funds, options, warrants, commodities and foreign currencies, but am now focusing more of my time and energy into real estate.
Edwin De leon
Questions For Short Sale Expert - Tell Us The Truth Which Not Too Many Will...
21 November 2010 | 2 replies
I was told yesterday by someone that the short sale business was great 2-4 years ago now in 2010 and 2011 you are beating a dead horse and the only ones making money are all the short sales gurus selling their $10k-$30k coaching programs and $1k-2k courses.I have spent time, money and energy in this area and now I have reservations whether to pursue short sales or not...so pretty nervous almost took a crap on myself when I was told not to pursue short sales.....lol...:)Here is what I was told:I was told by a short sale processor company owner who is not any longer processing nationwide ....that it is very hard right now to do short sales with banks and to make the money he was making 2-4 years ago, those days are gone.If I think I am going to get the bank to discount 50-55% to flip to another investor at 65% I am in for a surprise and a waste of time.I am so nervous that I may take another crap on myself...I know I am a clown ...hey a little humor never hurts...:)Anyway, I was told to do something else besides short sales to make quick cash and not waste time when the banks are making it very difficult to close deals.I am in the new york area where properties sell for $350k-Up since most are 2-3 families.I just want to know the truth before I waste more time and money with the following questions:1) If banks are not approving short sales at 50-60% so where is the money then if I can not get approved for this amount so I can flip to a investor.2) Cash investors are looking to buy around at 65% so how the hell do I make money then3) Should I focus and sell my short sales to retail home buyers instead of cash investors but I thought the move was to focus on cash investors for quick sales...:(4) Is wholesaling short sales to investors dead, if not then how can I still make money from my hard work of building a cash buyers list of investors.5) What kind of problems will i have trying to sell my short sale approved properties to retail buyers.6) I am thinking now of building a retail buyers list, what is the best way to do this since I think this may be the move to max out my profit from my short sales7) THE TRUTH PLEASEThe truth now....
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Has anyone heard of this?
21 November 2010 | 9 replies
Bird dogs are a COLOSSAL waste of time and energy in my experience.
Annelise A.
What to do with rental income?
19 January 2011 | 19 replies
There has to be a more efficient way to responsibly divvy up my monthly rental income.
Robert Burns
Low Quality Leads
30 November 2010 | 7 replies
After a while you will get very efficient at sorting through them to maximize the value of your time.
Wade Munday
Gmail vs Outlook?
4 August 2011 | 28 replies
For anyone not already hooked or required to use Outlook, Gmail is the far more efficient choice.
Mary R.
Replacing windows
4 December 2010 | 12 replies
Energy efficient windows that translate to lower energy costs and more comfort in the home will definitely be a great selling point.
Ryan D
Whole Life Insurance & Real Estate
13 June 2016 | 120 replies
If you purchase insurance decide what the purpose is and make sure the features of the coverage you choose match your objectives.In most cases if you do not require a death benefit you will be able to structure a more financially efficient method to accomplish your goals but Life insurance does provide extraordinary tax benefits under our current tax code.The current low interest environment makes permanent dividend paying policies look attractive with loan rates that could be beneficial but remember the dividend is not guaranteed and is contingent on the insurance companies continued investment success.
Peter Haymond
What's your best advice for those working a full time job to get into REI?
5 December 2010 | 5 replies
Small multifamily's when managed efficiently provide superior returns."
Scott C.
become Licensed Gen Con. or not to help with rehabbing
12 December 2010 | 5 replies
Also, as a CG, you don't need to be the best finish carpenter, you do need to know how it is done and in the most cost efficient way while turning out quality work.