I have an urgent decision that I could use help on... My wife and I bought an 11,000 ft² Warehouse space and have white boxed it. It appraises for $800,000 and as of today we have about $550,000 into it with renovatio...

Hi everyone, I'm going to try to make this short and sweet!I'm moving back to Chicago in 6 days and I'm ready to jump into Real Estate (finally!) I have not done any deals/taken any action yet in Real Estate because I...

I talked to Brian Gibbons today for around 30 minutes. He gave me a short description of some of the ways to invest in Real Estate and then talked to me about what I want to do with real estate. Of course he was tryin...

1) Not keeping enough reserves. Big expense hits and owner cannot handle it

2) Fix/flip - unforseen repair needed. Too many deals go bad.

I'm curious to hear how RE empires go down during recessions.

I posted this elsewhere but figured I'd share my 5+ year ongoing story of buying rental properties to encourage members here. Personal Background
Most of my childhood was spent growing up inside a tenant house on a...

It seems that most realtors/ agents I've worked with avoid submitting offers below market value even when the comps prove why I'm offering a certain amount. According to California law, aren't all realtors/ agents sup...

I know a couple of older (70's and 80's) couples who had their wills updated and their attorney switched to trust and charged one $6k and another $10k. That sounds excessive to me.The last older couple I knew had a pr...

Newbie here and here's the 411 on this deal. My cousin rents a house in Albuquerque that I stay at whenever I'm in town. He finishes law school in May at which time his lease ends (unfortunately he's not gonna be a re...

I just finished reading this article:

http://www.biggerpockets.com/renewsblog/2006/11/25/wholesaling-real-estate-basics/

“If you end up not being able to sell the property before you are expected to close then you u...

Ok, so I have a deep interest in helping people understand how to be successful in real estate. I'm an entrepreneur at heart and I would prefer to make money giving the time, knowledge, and experience I have to other...