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Hello Everyone, this blog is for all those people out there, who are looking to learn about real estate investing!!
Yes! I said it… REAL ESTATE INVESTING.
Justin Colby has started an all new website that provides tons of information on real estate investing – What to DO.. and What NOT to.. The website showcases weekly podcast series that will help you learn a lot about the Rehab Process, Marketing, Property Investment and the list goes on.
Here is the link to the website: THE SCIENCE OF FLIPPING
So, please comment below and tell us what do you think. See you in our next blog!
In this digital age computers sometimes have us by the … hard drive. We know what we want the thing to do but for some reason it just doesn’t want to give us the right answer. Computers are dumb that way, and smart too. Pretty frustrating.
But being a technophile I like to give my gadgets the benefit of the doubt. But lately we got pretty annoyed at a computer glitch that through the short sale industry out of whack for a little while.
Basically consumer credit reports were showing short sales as foreclosures!
Imagine that – the two things couldn’t be farther apart from each other but some dumb computer glitch (which is only now being fixed) thought they were the same.
We are sorry but the fact that short sales and foreclosures can even be said in the same breathe makes my blood boil. We don’t care how dumb the computer is there’s just no excuse for it.
We run an honest trade here people. We help banks and homeowners walk away from a bad relationship with dignity and we’re fixing the housing market in a big way. Foreclosures are for the bottom of the barrel when all means have been exhausted.
We think you should go home today and pull up your own credit report and check yourself out. If this happens again you need to bring the roof down. Let us know if you’ve suffered from this “computer error” and what you did about it.
Here we are at the end of summer and it has been a hot one. Both market and temperatures! Everyone has finished their vacations and school has started for most of the Valley.
The market continues its climb and is making a healthy recovery. It is not quite back to the height of the market but if definitely on its way.
We are now seeing fewer bank owned and short sale listings. A healthy market now exists and inventory levels are around a 3 month supply. Much better than last year as it was down to only a 1.1 month supply! Buyers were being pushed out of the market by cash laden investors. Today’s market is more balance with about the same number of sales as new listings hitting the market.
Buyers need to take advantage of the current prices and interest rates. We know prices should be higher next year and interest rates have, according to the Federal Reserve, should be much higher. There is only so much debt the Fed can buy.
Many sellers are realizing they cannot rely on a Zillow or Trulia estimate for value. Most of the evaluations are off by as much as 40%! Having a BPO(broker price opinion) completed is the best way to truly determine where your home should be priced. Let me provide you one as a courtesy. You’ll be glad you did and it will be great seeing you again!
Justin Colby describes how to be successful in real estate. One of the things that all business owners go through is the struggle of reaching their goals. Most business owners quit before they ever see the fruits of their labor. I recommend to stay with it. Jason Medley and I discussed that all business owners, no matter what they are selling, go through the same struggles. Stay with what you are doing, don’t quit, no matter how difficult it may seem.
How to be successful in real estate. Justin Colby discusses how to be successful in real estate with online marketing. How to find buyers! How to find deals!! Being online today is absolutely crucial. You need to use Facebook, youtube, craigslist, link’n etc. We are finding buyers, we are finding sellers.
In 64% of metro areas, it’s more worthwhile to buy than to rent.
If that kind of stat doesn’t blow you off your feet than you haven’t been paying enough attention. I’m gonna spell it out for you a little more so you really understand what’s happened and what you need to be doing about it.
Basically the wisdom has been for the last few years that it’s the age of the renter. Homeownership is dead and it’s time to focus on commercial real estate and residential rentals. (This is assuming we’re leaving out cleaning up the foreclosure mess and letting short sales do the real work.)
But it turns out that if someone is planning to stay in a home for at least 3 years, then it’s actually smarter to buy. That kind of number is like pre-crash days. It’s totally doable for most of the people you’re likely to meet and you definitely need to be pushing home ownership.
I know that everyone I teach and talk to has realized what a goldmine economy we’re living in. People are relocating and looking for a new place to settle down. But your job is to show them the wisdom of buying. It’s the time. Get in now and you’ll be looking at happy tenants and fat profits.