[facebook][retweet] Question: What is a Joint Venture & How Do You Form One? Jim S. – Pensacola, Florida The legal definition of a joint venture is, “a commercial enterprise undertaken jointly by two or more parties that otherwise retain their distinct identities.” In real estate terms, it’s simply when two or more investors pool their resources…
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[facebook] [retweet] Real estate investors who feel like they may have missed out on the big foreclosure opportunity of the last few years should think again. According to a recent report by Esther Cho on DSNews.com, the shadow inventory at Freddie Mae & Fannie Mac out paces their REO inventory 6-1. While at the same…
[facebook] [retweet] A few years ago, as my wife and I were preparing for the birth of our 5th child, there was a flurry of activity at my home. She was feverishly cleaning and getting things in order, while I was putting together the baby swing and bassinet. And thankfully we got it all done,…
When trying to market to a specific niche or motivated seller group, it’s important to understand what they are going through, and what emotional buttons to push in order to get them to respond to your direct mail or other advertising. This is especially the case when dealing with those in foreclosure, as they go…
Marketing and lead generation are the lynchpins of any successful business. You can have the greatest product or service in the world, but if you are unsuccessful at getting the word out, and introducing your company to new customers, you are almost certainly destined to fail. In the real estate investing business, the leads that…
July 4th marks the anniversary of one of history’s most amazing experiments…a little thing we call the United States of America. Never before had a country been formed in such a manner, with individual freedom and liberty as the cornerstone of its existence. We have certainly seen some dark days and very challenging times over the last 230+ years. But…
When I first started investing in short sales, I had one basic strategy. I would tie the property up with a 1-year option contract that gave me the right to market and re-sell to a 3rd party, and I would then list it on the MLS to find an end buyer who would pay more…
“You got to know when to hold ’em, know when to fold ’em, Know when to walk away and know when to run. You never count your money when you’re sittin’ at the table. There’ll be time enough for countin’ when the dealin’s done.” ~Kenny Rogers, The Gambler This iconic Kenny Rogers song is notorious in…
The most popular (and easiest to understand) real estate investment strategy is certainly the “fix & flip”, which is simply buying a home that needs repairs, fixing it up, and then reselling it to a retail buyer/homeowner. While reality television shows may have made it the most common technique, tackling the renovation business is certainly…
It’s a common misconception that you have to “fix up” houses in order to sell them for a profit, but nothing could be further from the truth. Many PIG members have a made a pretty penny (over a million dollars in a year!) from flipping ugly houses to other investors, also known as “wholesaling.” The…