Why You Shouldn’t Be Afraid of Sellers

“Jason I need your help!” That was the subject of a note, which my assistant Lisa sent to me. It was a note from a new investor I was helping out. And the note happened to contain a major concern of many investors, which shouldn’t be a concern at all.
So what did this person need [...]

This Article is Copyright © 2004-2009 BiggerPockets, Inc. All Rights Reserved.

Why You Shouldn’t Be Afraid of Sellers

Source: Why You Shouldn’t Be Afraid of Sellers

You don’t have to be a Geeky Web Designer to build a real estate website!

Real Estate websites, or any website for that matter, can be very intimidating to someone who knows nothing about designing websites. It’s like another world with its own language. I mean that in the most literal way possible. When you hear web designers talking all that HTML, XML, Javascript, DIV mumbo jumbo, you might get [...]

This Article is Copyright © 2004-2009 BiggerPockets, Inc. All Rights Reserved.

You don’t have to be a Geeky Web Designer to build a real estate website!

Source: You don’t have to be a Geeky Web Designer to build a real estate website!

F.H.A. Lending Standards Tightened

With F.H.A. mortgage defaults increasing, the government has tightened lending standards for those with the worst credit and increased fees across the board.

Source: F.H.A. Lending Standards Tightened

Simplification Through Complexity: Managing Your Real Estate Portfolio

I did not lose my mind nor am I trying to sound like I’m talking in circles. Something called Complexity Theory is a known commodity and actually works. Hence, simplification through complexity. The below explanation of complexity theory was borrowed from an article at American Thinker.
That particular article deals with politics and our current president. [...]

This Article is Copyright © 2004-2009 BiggerPockets, Inc. All Rights Reserved.

Simplification Through Complexity: Managing Your Real Estate Portfolio

Source: Simplification Through Complexity: Managing Your Real Estate Portfolio

U.S. Foreclosure Activity Spreads Beyond Hard-hit Metro Areas

U.S. Foreclosure Activity Spreads Beyond Hard-hit Metro Areas January 28, 2010, NewJersey.com Cities in the so-called Sand States dominated the foreclosure rankings in 2009, with the 20 worst-hit metro areas residing in Nevada, Florida, California and…(read more)

Source: U.S. Foreclosure Activity Spreads Beyond Hard-hit Metro Areas

FHA 90-Day Flip Rule Suspended: Lenders Hesitant To Change

If you’re a real estate scavenger, who likes to buy foreclosure properties at a deep discount and “flip” them to retail home buyers, the FHA anti-flipping rule has always been a thorn in your side.  Come Monday, February 1, 2010,  HUD has agreed to suspend that prohibition for a period of 12 months.
123flip.com reports that [...]

This Article is Copyright © 2004-2009 BiggerPockets, Inc. All Rights Reserved.

FHA 90-Day Flip Rule Suspended: Lenders Hesitant To Change

Source: FHA 90-Day Flip Rule Suspended: Lenders Hesitant To Change

Marketing for Leads on a $100 Monthly Budget

I am a firm believer in the power and effectiveness of direct mail as a source of motivated seller leads. Frankly, I’m not as convinced that the ROI is as strong for identifying cash buyers with direct mail compared to other methods, but for motivated sellers? It rocks.
As I set things in motion for my [...]

This Article is Copyright © 2004-2009 BiggerPockets, Inc. All Rights Reserved.

Marketing for Leads on a $100 Monthly Budget

Source: Marketing for Leads on a $100 Monthly Budget

U.S. Foreclosure Activity by Month 2006-2009

Had a request for this information so thought I'd post it here. Interesting to note that there is a seasonal pattern where foreclosure spike for each year around August or July. Any thoughts on why that could be?…(read more)

Source: U.S. Foreclosure Activity by Month 2006-2009

An Insiders Tale: Why Banks are Tightening on Real Estate Investments

I just got off the phone with the commercial lending VP at a small local bank.  This bank just survived its first Office of Thrift Supervision audit since the financial meltdown.  This audit took the better part of two months — all for a bank with less then $200 million in assets.
As I mentioned, they survived.  [...]

This Article is Copyright © 2004-2009 BiggerPockets, Inc. All Rights Reserved.

An Insiders Tale: Why Banks are Tightening on Real Estate Investments

Source: An Insiders Tale: Why Banks are Tightening on Real Estate Investments

Spreading Foreclosures Still Concentrated in Sand States: RealtyTrac

Spreading Foreclosures Still Concentrated in Sand States: RealtyTrac January 28, 2010, HousingWire The sand states, California, Florida, Nevada and Arizona, continue to lead foreclosures in metropolitan areas. However, other cities sheltered so far from…(read more)

Source: Spreading Foreclosures Still Concentrated in Sand States: RealtyTrac