Real Estate Education Center
We are adding a new segment to our blogs where we want to highlight real estate investors who are out there making things happen and wouldn't mind sharing a trick or two. Today I would like to introduce you to Elia Santiago, a real estate investor from Indianapolis who has been in the game for over 12 years.
Are you curious what MyNextRehab is all about? We created this quick video tutorial which should help you get started.
As a real estate professional the most important part to keep your business flowing is to get as many leads as possible. In today's world buyers and sellers are doing most of their research online so you must ask yourself this important question (and be honest): How is my web presence?
There are two types of real estate investors: Those who do the work themselves and those who spend a little extra money and hire it out. Both are great, but maybe you are trying to figure out which route you should take with your business.
Click the link below to see why you should Do It Yourself or Hire the work out...
Quit throwing your time down the toilet... literally!
One of the toilets in my rental had a small leak where the tank is attached to the bowl. I ran to Lowes and found the parts I needed for less than $5. My head was thinking “Sweet! this will be a nice cheap fix!” I went back to the rental and tried to unscrew the nut, but the toilet is so close to wall that I couldn’t see the nut and the angle was very awkward. Turns out that everything was so rusted together so I couldn’t get the nut to move. ...
It’s no secret that real estate is and always has been one of the best investment opportunities, no matter the market condition. In fact, roughly 77 percent of entrepreneurs with at least one million in assets own real estate, according to a study Morgan Stanley did last year.
But, is real estate investing a strategy that only the top 1 percent can take advantage of?
This Youtube Video is a great explanation of How to Wholesale Real Estate with only $10 in your pocket. It really is a great way into the real estate business.
if you hope to get really rich, working for someone else will never get you there. But don't just take my word for it, the government agrees....
There's a tendency to assume that successful, confident people never have any doubts -- that they are decisive about every choice, never have regrets and always know what to do.
But that couldn't be further from the truth.
The fact is, everyone, even the most sanguine leaders, second-guess themselves. As they climb their personal success ladder, almost certainly they are haunted by indecision.
Collect Rent Online, Screen Tenants, Check Tenant Credit
Check it out and see if it is right for your business!
How much money can you make with fix and flips?...
I have flipped homes for well over ten years and I have learned a lot over the years. When I flip a house I do not make huge money with every deal and it is not easy to build a business model that is profitable. I average a little over $30,000 in profit on each fix and flip.
It seems that no matter who you bump into at a party or see on the street, everyone can discuss HGTV and those homebuying or home improvement shows. These television shows are so widely appreciated because almost everyone has to buy, sell and maintain a home of their own or rental property in their lifetime. But, after hours of binge watching...
Americans have never hesitated to pack up the U-Haul in search of the big time, a better job or just warmer weather. But these days, domestic migrants are increasingly driven by the quest for cheaper housing.
The country’s fastest-growing cities are now those where housing is more affordable than average, a decisive reversal from the early years of the millennium, when easy credit allowed cities to grow without regard to housing cost and when the fastest-growing cities had housing that was less affordable than the national average. Among people who have moved long distances, the number of those who cite housing as their primary motivation for doing so has more than doubled since 2007....
Risk comes from not knowing what you’re doing.
So, you have a Twitter account. And a Facebook page. And you started emailing people (random people) special offers from your startup.
You're an online-marketing pro, then, right?
(video link below)
Patience. It’s a hard thing to come by these days. We seem to live in an attention deficient society. Blogs must load within 5 seconds. Twitter’s Vine features 6-second videos. Instagram — 15 seconds.
New programs for real estate investors come out all the time, each promising to hold the missing piece, the golden nugget that’s been missing in every investor’s arsenal — at only $97/month.
Everyone is chasing shiny objects — and there’s no shortage of shiny objects. Perhaps patience itself is the missing piece, not another CD program.
It has been said many times throughout history, “the end is near.” Nostradamus, the Bible, and even the Fortune Teller under the Boardwalk in Atlantic City have predicted it. In the MLS space, many have predicted the end of MLS. Consultants, MLS gurus, association executives, and the Fortune Teller under the Boardwalk in Atlantic City have all predicted MLS will go away.
All these predictions have been wrong… so far.
“Working from home should be considered dangerous and could be a disaster when you consider the potential impact on your quality of life,” warns Grant Cardone, author of If You're Not First, You're Last. “The level of discipline it takes to work from home and generate solid results is intense and most people fail at home because of this one fact.”...
Before running a business full time, many entrepreneurs toggle between their day job and a dedicated side hustle. So how do you know when it's time to take the leap and leave your steadier gig behind? If you can check these items off your list, consider your decision made and exit your current job on a positive and graceful note.
Below are 4 Steps I Used to Create a Monster Buyers List
One of the first lessons I ever learned about real estate investing was “The Money is in Your Buyers List”. I took that to heart and have made that the top focus in my business. For years I had an advantage since I am also a web developer, but technology is so easy now that anyone can do it.
Our favorite holding period is forever
Real estate has traditionally been a game won or lost based on old-fashioned networking and shoe-leather style hard work— deeply dependent on timing, detecting trends and more than a little bit of luck.
It may not be that way for much longer, however. Big data is changing the way real-estate professionals, buyers, sellers — and even banks — think about transactions involving property.
Only when the tide goes out do you discover who's been swimming naked.
Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it