The Importance of Cash Flow in Business

Many businesses fail in the first few year mainly due to poor cash flow management. According to a recent survey, the number-one thing small business owners say they wish they’d have done differently was have more start up money. Even experienced companies file bankruptcy, not because they don’t have a good business model but because they […]

Do You Need a License to Wholesale Properties?

You buy a property, you wholesale it, you profit. Do you need a license to wholesale properties? In most cases, the answer is “no”. Real estate brokerage is an activity regulated by states on their own terms, thus each state defines which activities require a license. There is a lot of vagueness and ambiguity in some of the […]

Correcting Common Title Problems

When searching title, many issues may arise, most of which are usually correctable. DEATH OF AN OWNER It is common to discover along the chain of title a gap due to the death of an owner. For example, suppose a deed was granted to Bob and Mary Smith, then the title went from Mary Smith only to […]

Podcast Episode #44: Using the Internet to Get Real Estate Seller Leads

 Using the Internet to Get Real Estate Seller Leads. There is technology available to get seller leads in just about every type of business- you just have to put yourself out there and see what works for you.

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What Does Median Price Mean?

Many people are confused between average and median price.  Here’s an example to help you understand the difference. Let’s say you had seven properties in a neighborhood and they sold for the following amounts: • $87,000 • $110,000 • $112,000 • $115,000 • $118, 000 • $120,000 • $122,000 The median price of these properties […]

Remember

Just wanted to remind everyone to please take a moment to stop and reflect on those that died and the emergency folks that have given their lives in this horrible incident!

7 Tips for Using Marketing Lists

As a real estate investor, there are many, many ways with which to market. For newer investors who at first depend pretty much on 100% on their marketing efforts in order to procure leads, it can be a bit confusing and intimidating, to say the least. There is a multitude of ways one can market: Internet, […]

Using the B+ Principle to Achieve Business Success

There are valid times in life when a situation may call for striving for and attaining perfection. A good example of “good” perfectionism might be if you are competing in a pistol shooting contest. The shooter that gets the most shots into the “perfect” area of the bull’s eye wins. However, business and life in […]

Finishing Basements

While finished basements can add value, the amount of value is less than it is for above-ground living areas. In addition, this greatly varies depending on different regions of the country. In humid areas, below-ground living space isn’t as valuable to homeowners as in dryer areas of the country. Thus, the American National Standards Institute […]

The Art and Science of Evaluating a Property Value

To evaluate a property, some people look at appraisals, others look at the tax assessor’s value, and others say that a house is worth what someone will pay for it. Further confusing the issue, we can look at the income the property generates or the insurance replacement value. In some cases, the land is worth […]