|Real Estate Information|
Real Estate Investing in Rentals - the $10 Million Real Estate Investing Mistake
Renting to tenants is no longer "where the money is" for real estate investing. I became a multi-millionaire landlord in the 1980s by buying $10 million in rental houses. Yet, I consider this real estate investing approach the biggest mistake in my real estate investing career. I call it my "$10 Million Mistake."
Back then, real estate investing in rentals was buying a house, renting it to tenants for a rental fee that covered the mortgage, and waiting for an increase in value. Interest rates were as high as 25%. Inflation was rampant. You could buy a house, and it would almost double in value in 10 or so years.
Boy, have things changed in real estate investing! Interest rates have recently been the lowest in 46 years. Inflation is flat. The same rental house in some areas is appraising for less today than it appraised three years ago. The major profit to real estate investing in rentals is the pay-down of the mortgage by the tenant. Otherwise, profit comes from the difference between the rental fee and the mortgage payment.
One month vacancy per year, which is not uncommon, might convert into an annual investment loss, even if (1) tenants don't leave owing rent, (2) the property is not damaged, or (3) repair cost is negligible. All of these possibilities are very unlikely.
One month vacancy per year can eliminate usage profit for the year. Spend your time on fix up repairs, even part time, and you go more in the hole. How much you lose depends on how much your time is worth.
Real estate investing is intended to be profitable. Vacancies, repairs, and time expenditure might mean you are only making a donation to the great cause of improving the nation's housing. The scenario changes if the mortgage is negligible and note payments are significantly less than rents. But the beginning investor does not often create this situation.
Fixing up properties for resale is a better venue for real estate investing today. Go a step beyond the norm, and learn how to help a renter get financing for your fixed up house. Go another step by converting a junker into a "Dream House," and you will attract prospects to your property like bees to honey. Turning a "Plain Jane" into a "Doll House" demands extra work, but attracts better quality buyers. Real estate investing is extremely profitable, but your choice of real estate investing venue is critical to optimal profitability.
Phil Speer, Ph.D., started his real estate investing career 25 years ago. Without the availability of credit and using only a $10 bill, he purchased $1 million in properties in his first year, and had accumulated $10 million in properties by his fourth year. He was featured in a Wall St.Journal editorial as most successful investor in the Nothing Down Real Estate Movement, and was honored with a Caribbean cruise as top investor of the year. In his hometown of Nashville, Tennessee, he has been a businessman and Human Resources Consultant for 30 years. He is an author, speaker and seminar director. To learn how to profit in real estate investing, even without cash or credit, read his report at http://www.CashinHouses.com/. Subscription is free to his Fix-up Ezine. He and other contributing authors provide free articles and resources on real estate investing at his online "Academy of Advanced Real Estate Investing Techniques" - http://www.AAREIT.com/.
Erie County Real Estate Transactions Buffalo News
Real estate transactions Arkansas Democrat-Gazette
Massachusetts real estate transactions for Hampden, Hampshire and Franklin counties: Dec. 8, 2019 edition - MassLive.com
Massachusetts real estate transactions for Hampden, Hampshire and Franklin counties: Dec. 8, 2019 edition MassLive.com
Longmont-area real estate, commercial deals Dec. 8, 2019 Longmont Times-Call
This week’s top Philly reads; Checking in on the city’s real estate | Morning Newsletter - The Philadelphia Inquirer
This week’s top Philly reads; Checking in on the city’s real estate | Morning Newsletter The Philadelphia Inquirer
Know In Which Real Estate Market to Invest U.S. News & World Report
What Is Passive Income in Real Estate? Motley Fool
Real estate records, 12/08/19 | Announcements Lincoln Journal Star
Real estate transfers Mount Airy News
Investments: Thinking about purchasing real estate abroad? The Jerusalem Post
Real estate transactions for Dec. 8, 2019 | Business Roanoke Times
Letters: Real estate fees; members of Congress complicit; Rep. Ken Buck Boulder Daily Camera
How Social Media is Shaping the Real Estate Industry Entrepreneur
Commercial Real Estate Attorneys Fort Lauderdale - Commercial Real Estate Legal Blogs Posted by Roy D. Oppenheim - Lawyers.com Blog
Commercial Real Estate Attorneys Fort Lauderdale - Commercial Real Estate Legal Blogs Posted by Roy D. Oppenheim Lawyers.com Blog
WHO'S NEWS Real Estate Weekly
Giving Back: Giving through real estate The Willits News
La Crosse County real estate transfers for Sunday, Dec. 8 La Crosse Tribune
Real estate transfers: Nov. 25-29 | Toledo Blade Toledo Blade
Chinese investment in U.S. commercial real estate dives 76% Los Angeles Times
GFP Real Estate Pursues Major Overhaul of 100 Pearl Street in Financial District, Manhattan - New York YIMBY
GFP Real Estate Pursues Major Overhaul of 100 Pearl Street in Financial District, Manhattan New York YIMBY
Real Estate Transactions for Sunday, December 8, 2019 | Transactions Charleston Post Courier
Williams Toyota of Sayre and Sean Anthony Real Estate host 2nd Annual ‘An Evening With Santa’ - WETM - MyTwinTiers.com
Williams Toyota of Sayre and Sean Anthony Real Estate host 2nd Annual ‘An Evening With Santa’ WETM - MyTwinTiers.com
Recent Commercial Real Estate Transactions The New York Times
Routt County real estate sales total $9.6M for Nov. 29 to Dec. 5, 2019 Steamboat Pilot & Today
Christie's International Real Estate Fort Worth Fort Worth Star-Telegram
REAL ESTATE ONE -SOUTHGATE | Ads Southgate News Herald
Walsh signals possible support for transfer tax on real estate sales The Boston Globe
Inman announces the first round of real estate company exhibitors for Inman Connect New York 2020 - Benzinga
Inman announces the first round of real estate company exhibitors for Inman Connect New York 2020 Benzinga
Berkshire Hathaway HomeServices KoenigRubloff Realty Group to shorten name - Crain's Chicago Business
Berkshire Hathaway HomeServices KoenigRubloff Realty Group to shorten name Crain's Chicago Business
Real estate agent and husband get probation in welfare fraud case - Hawaii Tribune-Herald (subscription)
Real estate agent and husband get probation in welfare fraud case Hawaii Tribune-Herald (subscription)
L.A. limits campaign donations from real estate developers. Critics say it falls short - Los Angeles Times
L.A. limits campaign donations from real estate developers. Critics say it falls short Los Angeles Times
Attorney indicted for alleged forged deed, real estate theft Hawaii Tribune-Herald (subscription)
Hawaii real estate sales, Oct. 14-18 Honolulu Star-Advertiser
Real-Estate Firms Rolling Out New Funds for Mom-and-Pop Investors The Wall Street Journal
Real Estate Transfers: Dec. 8, 2019 | Business messenger-inquirer
How will demographic changes affect Montreal real estate? Montreal Gazette
Sponsored: Real Estate Confidential: The Infamous Lower Level Martha's Vineyard Times
DATA: Here is how commercial real estate fared in November in south Montgomery County - Community Impact Newspaper
DATA: Here is how commercial real estate fared in November in south Montgomery County Community Impact Newspaper
Dodge County real estate transfers Fremont Tribune
Coworking Revives Office Real Estate Morningstar.com
Shreveport-Bossier real estate: Estates with land Shreveport Times
Bulltrout Brokers LLC/Windermere Real Estate - Ad from 2019-12-08 Helena Independent Record
The five best things real estate could get from Albany The Real Deal
Real Estate vs. Stocks: Which Is the Safer Investment? Yahoo Finance
Redesigning Real Estate — RISMedia | RisMedia.com
Real Estate Thought It Was Invincible in New York. It Wasn’t. The New York Times
Firm Real Estate Offers Challenges and Opportunities in Equal Measure | The American Lawyer - The American Lawyer
Firm Real Estate Offers Challenges and Opportunities in Equal Measure | The American Lawyer The American Lawyer
Two Houston real estate firms engage in merger talks Houston Business Journal
Martha's Vineyard News | Recent Real Estate Transactions: Week Ending Nov. 29 - The Vineyard Gazette - Martha's Vineyard News
Martha's Vineyard News | Recent Real Estate Transactions: Week Ending Nov. 29 The Vineyard Gazette - Martha's Vineyard News
These 4 Measures Indicate That Consus Real Estate (ETR:CC1) Is Using Debt Extensively - Simply Wall St
These 4 Measures Indicate That Consus Real Estate (ETR:CC1) Is Using Debt Extensively Simply Wall St
Public Record: Muskingum County Real Estate Transfers Zanesville Times Recorder
Brian Benjamin was set to hold a soiree with real estate honchos after flipping on good-cause eviction bill - Crain's New York Business
Brian Benjamin was set to hold a soiree with real estate honchos after flipping on good-cause eviction bill Crain's New York Business
Why are real estate investors avoiding Chicago? Crain's Chicago Business
Cheney University looks to monetize its unused real estate - Philadelphia - Philadelphia Business Journal
Cheney University looks to monetize its unused real estate - Philadelphia Philadelphia Business Journal
Fundamenta Real Estate AG's Listing on SIX Swiss Exchange Global Legal Chronicle
The Keyes Company Continues to Revolutionize the Real Estate Experience in Florida With Lone Wolf's Enterprise Platform - RisMedia.com
The Keyes Company Continues to Revolutionize the Real Estate Experience in Florida With Lone Wolf's Enterprise Platform RisMedia.com
Philly’s real estate boom spurs fear of eviction among one building’s senior citizens - The Philadelphia Inquirer
Philly’s real estate boom spurs fear of eviction among one building’s senior citizens The Philadelphia Inquirer
Maine Commercial Real Estate: November Transactions Press Herald
Q&A: Tech startup creates virtual hub for commercial real estate pros Finance and Commerce
Howard Hanna Real Estate Realty USA - Ad from 2019-12-08 Glens Falls Post-Star
StreetEasy's 2020 Housing Market Predictions CBS New York
Atlantic County foreclosures decrease dramatically during past two years Press of Atlantic City
The Chicago real estate market is even worse than Hong Kong's, new data shows | Markets - Business Insider
The Chicago real estate market is even worse than Hong Kong's, new data shows | Markets Business Insider
How to Make a Buyer Fall in Love with Your Home
If you are thinking of selling your home, there are a number of things you can do to improve the "showability" of your home. But first, let's look at your home through the eyes of the buyer.
Setting Goals for Real Estate Success
The power of goal setting has been well documented and communicated so before you skip over this point because you've heard it all before I'd like you to consider how well you are doing it. I'm a firm believer that you don't truly understand something until you are doing it.
Crossing the Gap from this Home to the Next: Bridge Loan
So you're thinking of getting into a bigger house. You call up the real estate agent and make an appointment to go see what the market has to offer.
Choosing a Realtor
Purchasing a property, either as an investor or as a prospective homeowner can be one of the most exhilarating and frightening experiences of your life. In both situations it is imperative that you find just the right property at the right price.
What are the Elements in Real Estate?
Each element has a specific color associated with it. Because color (light) vibrates and is such a high frequency, it immediately lifts the "energy vibration" in our listings.
Selling Houses Fast: Basics of Design & Color Psychology
Fixing up houses to ready them for sale includes a design plan for needed changes. Save money on transformation costs by choosing design details right the first time.
FSBO: For Sale By Owners Chapter IV [part 1]
Like a monarch, Red Haring reigned in the deep leather seat of his KenWorth cab-with its king-size sleeper. The 400 horsepower Caterpillar diesel engine droned apathetically as Red downshifted for the parking lot to his favorite Boise, Idaho roadside diner.
Maui Realtors: What You Need To Know
Maui is a great place for families of any size. However, before you plan a move to Maui and contact those Maui Realtors, there are some considerations that you should take care of.
Do Open Houses Work?
What are the odds that you'll find your dream at a Sunday open house? What is the likelihood that your home will sell at an open house? Open houses are an integral part of the home sale business. But, do they work?There are two types of open houses.
The Secret to Maximum Real Estate Profits: Lighting
Lighting is the most important detail of interior Design Psychology for selling houses. Lighting influences a prospective buyer's feelings within a space more than any other interior design element.
Real Estate for Beginners: Residential Property Taxes
Whenever you own a piece of land, you will be taxed for it. Whether it is commercial property or residential property, there is still a tax to pay, whether it is for a village, town, city, county, or state.
Fixtures, related to real estate, are items that were originally personal property but are now attached to the property itself. This becomes the toughest issue when tenants attach fixtures to a property.
Using Transformation Psychology to Sell Investment Properties
Satisfying and lucrative real estate investment depends upon your correct assessment of profit potential, of course, but your ultimate success depends on your ability to transform a doghouse into a dollhouse. The renovation process involves physical work and choosing the best supplies, in order to create maximum positive emotional effect and profits.
Horses In My Back Yard
Horses In My Back Yard by Jody Hudson, with Extensive Collaboration From Chris Hudson HORSE LOVERS: During my thirty years of selling rural land, I have frequently found that folks want some acreage so that they can own and ride horses. They LOVE horses in their own mind but have little if any of the real knowledge or experience necessary to raise one or more horses.
According To Sellers, Silence Isnt Always Golden'
When trying to sell a home, silence isn't always golden especially when you're expecting your real estate agent to call. In fact, it's one of the leading complaints among sellers in the real estate market.
Real Estate Season is Here
Yes, it has finally arrived. This is the time of year when the MLS or Multiple Listing Services go up like crazy in all most every city, town and village.
Where is Florida Investment Property
Florida Investment Property - Why Investing is a Wise DecisionThere are many reasons to purchase investment property in Florida, the foremost being value appreciation. Property values generally rise while debt decreases; making real estate purchases a good investment.
Buy FHA HUD Homes
FHA HUD homes are those dwellings that have been acquired by the United States Department of Housing and Urban Development (HUD). The HUD oversees the Federal Housing Administration (FHA), which offers federal insurance on home mortgages.
Selling Investment Houses: Psychology of Mirrors
Discover new interior Design Psychology strategies to increase your real estate profits. One technique, using mirrors as props for staging houses helps you sell your investment properties for more money, and fast.
Get Rich With Mobile Homes
Does the myth that mobile homes depreciate in value keep you from investing in them? Well, they do lose value in a park, on a rented lot. Mobile homes with real estate, however, are an entirely different investment.
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