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TheREIMaverick uploaded a new video
(1 hour ago)
Real Estate Investing Groups - http://www.reimav...
Regardless of whether...
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Real Estate Investing Groups - http://www.reimav...
Regardless of whether you are an experienced real estate investor or even a novice, you should join real estate investment groups. The reasons are multiple, but if I had to put the main reason into just one word, that word would be 'networking'.
As the old saying goes 'your net worth is equal to your network', meaning that you will probably end up making the amount of the people with whom you hang around the most. If you want to be a successful real estate investor, why not hang around other successful real estate investors? Here are the top reasons why you should join real estate investment groups.
Why You Should Join Real Estate Investment Groups | Education
One of the main benefits real estate investment groups offer is that of teaching. Most clubs will have a guest presenter who will speak on a particular topic of interest to investors. There are really two ways to get an education in real estate: go out and make your mistakes or learn from the mistakes of others.
The former is very expensive and ends many real estate careers. You'll still make mistakes with the latter, but they're generally not as costly. Regardless of whatever industry in which you are involved, you should always make an effort to learn from those who are more experienced and more knowledgeable than you. Real estate is no exception, and learning from a guest speaker is a great reason to join real estate investment clubs.
Why You Should Join Real Estate Investment Groups | Networking - Investors
No matter how successful you are in real estate, you can always learn more. Real estate investment groups are great places in which to meet established, successful investors with great experiences and tremendous knowledge. If you are new, it's well worth it to make a connection with one of these 'veterans' and ask to take him or her to lunch in order to obtain more knowledge.
If you're a veteran, look for other vets who are knowledgeable in a strategy that you may not be. After all, if you're not moving forward, then your business is going backwards. And, worst case scenario, one of the young investors makes a connection with you and you get a free lunch!
Why You Should Join Real Estate Investment Groups | Networking - Professionals
Real estate investment clubs not only attract other real estate investors, but they also attract real estate professionals, such as Realtors, Mortgage Brokers, Accountants, Attorneys, Appraisers, etc...
No matter what industry you are in, you will always require a strong support group, and the ability to connect with other real estate professionals is just another reason why you should join real estate investment groups.
Why You Should Join Real Estate Investment Groups | Networking - Deal Pitching
My personal favorite part of real estate investment groups is the deal pitching, where people in the club stand up and either describe the deals that they have or request deals for which they are seeking.
This deal pitch session is a great opportunity for you to sort out the individuals with whom you would like to work.
For example, if you are a rehabber, then you can identify wholesalers, connect with them, and they can become your potential future bird dogs. I know people who's whole real estate investing strategy is to sell homes with owner financing in place and assign the contracts. I like purchase houses subject to. These types of connections are extremely valuable, and deal pitching is yet another reason why you should join real estate investment groups.
In conclusion, you should join real estate investment groups to be able to learn from their experiences, network with other like-minded individuals, other real estate professionals who have different specialties, and to be able to promote or find deals in real estate.
If you are in the Central Texas region, the Austin Real Estate Networking Club is one of the top real estate investment groups in the country...drop on by! http://www.austin...
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TheREIMaverick uploaded a new video
(2 days ago)
Real Estate Trainers
http://www.reimav...
Its important to realize that a ...
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Real Estate Trainers
http://www.reimav...
Its important to realize that a good real estate investor/agent is the product of good real estate trainers. Having a mentor or an advisor that you can trust is infinitely more valuable than books, lectures, or other literature. Well we want to introduce you to two top real estate trainers, Phill and Shenoah Grove, a powerhouse couple that has been involved in more than 1,000 short sale transactions. While the housing market may seem bleak and dismal to the untrained eye, Phill and Shenoah Grove have seen an abundance of success using non-traditional methods for buying, selling, and investing in homes. These real estate trainers want to share that knowledge with you, so lets take a look at their careers and success.
Real Estate Trainers | Background
While Shenoah's family has been involved in the real estate field for the past 50 years, Phill Grove jumped into the corporate world with a degree in Electrical Engineering and spent the next 16 years working as an electrical engineer, field applications engineer, sales person, sales manager, national sales manager, marketing executive, and ultimately, as a Director and Vice President of Marketing for a Fortune 500 company and several start-up companies. As real estate trainers, you really can't ask for a better combination. Shenoah grew up around the real estate business and Phill understands the sales, marketing, and numbers behind the process. These are two highly intelligent real estate trainers!
Real Estate Trainers | Real Estate Careers
Both Phill and Shenoah started in the real estate business back in 2004, not as real estate trainers, but doing quite a few short sales. By quite a few I mean that they had their hands in over 1,200 short sale transactions since this time. You're probably thinking to yourself, how is possible to be involved in this many short sale transactions? Well Phill used his electrical engineering analytical experience to develop a system dedicated to processing short sales. Also with his corporate world marketing experience, Phill used marketing techniques to stretch his name far and wide. These real estate trainers really want to help you learn these skills so that you can put some extra (hopefully thousands) dollars in your pockets.
Real Estate Trainers | For The Love of Teaching
In fact, this love and passion for real estate differentiates Phill and Shenoah Grove as real estate trainers from other real estate trainers. They don't just do it for the money, they do it for the love of the industry. This love and passion for real estate allows them to not only have a successful business, but also to teach others how to invest in real estate the right way as well. Phill Grove is a Board Member for the Real Estate Investing Club of Austin (REICAustin) and they are both owners of the Real Estate Networking Club of Austin (Austin RENC), the largest REICA club in Central Texas.
If you feel like you could use the help of these veteran real estate trainers then be sure to contact them right away. Also if you have questions for these real estate trainers, please leave them in the comments below.
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TheREIMaverick uploaded a new video
(2 days ago)
Free Real Estate Contract
http://www.reimav...
There are a lot of people o...
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Free Real Estate Contract
http://www.reimav...
There are a lot of people out there that wish to sell their home the quickest and cheapest way possible often using a free real estate contract. You know what? I don't blame them! However, using a free real estate contract may not be the best way to go about selling a house. Although it may very well be the cheapest, fastest way to sell a home, it can end up costing you in the long run. Its never good to go with the quick fix. Those methods usually come with consequences that may creep up later and you just want to sell your home and be done with it, right?
Free Real Estate Contract | Different States, Different Rules
You see every state has different rules and regulations when it comes to selling your home. You'll find that it is very easy to find a free real estate contract out there on the internet and for the most part these contracts do abide by federal law. State laws on the other hand will be different in every circumstance.
FBSOAmerica explains some of the pros and cons of using a free real estate contract and their weak attempt to bypass state regulations:
Although it may seem like there are millions of federal laws, there really are not. Many areas of law are left to the province of state governments and courts. Real estate law is one such area. Given the fact there are 50 states in the Union, this means there are essentially 50 different sets of laws and regulations related to how real estate transactions happen, the language that can and cannot be included in the agreement and how real estate contracts that fall apart are handled.
The beauty of a free real estate contract is, well, its free. That is about it, however. The problem with these contracts is they constitute one general form without taking into account the fact that each state has different laws regarding real estate transactions. Simply put, a real estate contract for Arizona will contain entirely different language than one for New York. The laws are entirely different.
A free real estate contract tries to get around this problem by including a clause that voids any part of the contract that violates the state law applicable to your transaction. You can find it in the "concluding" clauses at the end of the contract. This is a rather weak attempt to deal with the issue and rarely works if there is a dispute between buyer and seller.
Using a free real estate contract may save you a few bucks, but its a risky bet without much to gain in the end.
Free Real Estate Contract | Just Pay The Fee
The truth of the matter is that you can find a real estate contract that abides by the laws for your particular state. These aren't even that expensive either and it guarantees that you won't have any problems with your buyer later on down the road. If you happen to be a amateur seller or real estate investor then you may want to find a mentor or a respected professional to take a look at your contract before going through with the sell just to double-check and make sure that all of your cards are in place.
Have any of my readers ever used a free real estate contract? Let us know about your free real estate contract advice in the comments.
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"Right thats called a short sale."
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TheREIMaverick uploaded a new video
(4 days ago)
Owner Financing Contract
http://www.reimav...
If you are in danger of an u...
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Owner Financing Contract
http://www.reimav...
If you are in danger of an upcoming foreclosure and you're looking for another way out, knowing what an owner financing contract is absolutely essential. Here we'll explain exactly what an owner financing contract entails, how you go about getting one, and what the risks are when using an owner financing contract.
Owner Financing Contract | What Is It Exactly?
An owner financing contract basically puts the responsibility for paying off the remaining amount of the mortgage on the buyer of the home. Many might ask, 'why would I want to sell my house if I'm not going to make any profit?' Thats a good point, you wouldn't want to use an owner financing contract if you aren't facing a foreclosure. However if you're facing a foreclosure then your other options aren't looking very great. If your house undergoes a foreclosure then your credit is going to take a major hit, however if you use an owner financing contract then you can definitely protect your credit score from substantial damage.
Now you may be wondering why a buyer would want to go along with an owner financing contract in the first place. Well have you seen how difficult it is for someone to be approved for a loan these days? Although mortgage rates are low and home prices are down, banks are implementing extremely stringent loan policies that require most applicants to have near perfect credit to be approved. With an owner financing contract on the other hand, buyers that can't qualify for a loan can become homeowners!
Owner Financing Contract | The Process
Your best bet when putting together an owner financing contract is to trust an investor or another third party to draw up the contract. So why would you do that? Sure there are a lot of free contracts online, however some of these are very risky to use. FBSOAmerica explains some of the pros and cons of using a free real estate contract, you'll see why an owner financing contract should be left in the hands of professionals:
Although it may seem like there are millions of federal laws, there really are not. Many areas of law are left to the province of state governments and courts. Real estate law is one such area. Given the fact there are 50 states in the Union, this means there are essentially 50 different sets of laws and regulations related to how real estate transactions happen, the language that can and cannot be included in the agreement and how real estate contracts that fall apart are handled.
The beauty of a free real estate contract is, well, its free. That is about it, however. The problem with these contracts is they constitute one general form without taking into account the fact that each state has different laws regarding real estate transactions. Simply put, a real estate contract for Arizona will contain entirely different language than one for New York. The laws are entirely different.
A free real estate contract tries to get around this problem by including a clause that voids any part of the contract that violates the state law applicable to your transaction.
You can find it in the "concluding" clauses at the end of the contract. This is a rather weak attempt to deal with the issue and rarely works if there is a dispute between buyer and seller.
Of course as with anything else there are risks an owner financing contract and thats why you need to be careful who you go into business with meaning you should reference the investor that draws up the owner financing contract to see if he has had success in the past. If our readers have any questions about the owner financing contract process, please let us know in the comments below.
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brand new puppet show coming soon with my self and nurse MaryJane
get ready for craziness