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When most people think about title companies, they don’t see them as resources. Most people don’t even know what title company does because title companies don’t advertise their services. Do you know a title company or title representative? Probably not. Let’s look at the purpose of title companies, then get into what they can do…
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WHY YOU NEED A REAL ESTATE CRM Believe it or not there’s still the majority of the agents out there who are not using a customer relationship management tool, also known as a CRM, or a database to manage their contacts and their relationships. Outlook, Excel, a spreadsheet, or a Word document are not CRM programs, and neither are sticky notes slapped all over…
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Economists, planners and the media often focus on the extremes of real estate — the high-end properties or the foreclosed deserts, particularly in the suburban fringe. Yet to a large extent, they ignore what is arguably the most critical issue: affordability. This problem is the focus of an important new study by Demographia. The study, which…
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So, I got a call over the weekend from a wholesaler in Tampa who is just getting started wholesaling REOs. He saw one of the ten million signs I have plastered all over the place, and called me to see if I could help him out. Basically, he just went out and started making offers…
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Creating passive income is one of the most important steps towards retirement. Passive income is money that comes in without any work from you. Stock dividends, rental property income, interest on notes are all forms of passive income. Truly passive income is almost impossible to achieve, because every investment involves some sort of work. Stocks…
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Wondering how I got started in commercial real estate investing? Almost 10 years ago now, I was at a crossroads with my investing career. At that point, after investing in residential real estate units for approximately 15 years, I started to ponder the idea of going into the commercial real estate investing arena. It just…
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My Real Estate Investing Background I’ve been a full-time real estate investor since 2003 soon after I graduated from college. But my foray into real estate was not an obvious choice. When my NFL football dreams fell flat (I was a middle linebacker at Clemson University), I stumbled upon the idea of real estate investing…
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What is ‘Passive Income’ Passive income is earnings derived from a rental property, limited partnership or other enterprise in which a person is not actively involved. As with non-passive income, passive income is usually taxable. However, it is often treated differently by the Internal Revenue Service (IRS). Portfolio income is considered passive income by some analysts, in…
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LEARN HOW YOU CAN ENJOY LESS WORK AND MORE PLAY WITH THESE SMART INVESTMENTS. Traditionally, real estate investment is a fast paced industry that rewards long work hours and ingenuity. While the payoff can certainly be satisfying, it can sometimes leave little time for other passions and opportunities. Alternatively, the prospect of earning an income…
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Single Family vs. Multifamily: Which is the Better Investment? I get asked a lot, “Hey Michael, I’m interested in cash flow real estate investments. What’s better: single family rentals or multifamily properties?” It’s difficult to answer this question definitively, but I’ll present the pros and cons for each and you can make your own decision….