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Statistics |
| Unique Visitors: 62 |
| Total Unique Visitors: 171952 |
| Visitors Out: 5421 |
| Total Visitors Out: 7070 |
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| Real Estate Investing and the "Trust Me" Guy |
| 2012-05-16 20:43:00 |
Several months ago I was "sort of" stuck with a property I really wanted to wholesale to another. I advertised on Craigslist and other sites, hoping to pass the rehab to another with absolutely NO LUCK! I got the property at a pretty good price, the comps were pretty solid, yet I had no takers.
Then one day I got a call from a man that claimed he loved to invest in real estate in that area. He had a big business concentrating on getting end buyers qualified and into homes in that area. He claimed to be well connected in the area and could help me get this property rehabbed and sold to one if his clients.
The first indication that something wasn't right was that he told me he spent $15,000 a month in advertising. This may be true, but it seemed like a lot to spend when HE WAS THE ONE CALLING ME.
We continued to discuss the property, the opportunities and what could be done. He claimed to be very well connected and would give me a turn-key solution ...
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| Live, Learn, Share - Did You Make a Mistake in your Investing? |
| 2012-04-18 14:13:00 |
I can't believe that it's been almost 3 years since I started in my real estate investing career. And some of you have been reading this blog ever since then! I guess I need to change the title of this blog - 3 years, I guess I'm no longer a newbie. Thanks so much for hanging in there with me.
Topics for this Newsletter:Mistakes in Investing?
Jean's Con-Call Schedule
Florida Updates
Mistakes in Investing?
Sometimes we hit an obstacle and lose our momentum. I've seen a lot of people allow themselves to get distracted by other priorities in life, or try to get a deal and feel defeated when it doesn't work. If this is you I speak to, don't feel embarrassed or ashamed. You are in the majority.
I encourage everyone to examine where they are in their path to real estate successes. Think about what was that one thing, that event or experience that may have caused you to slow down. I encourage you to acknowledge what happened and pinpoint how, if you had it ...
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| Do YOU Have What it Takes to be a Real Estate Investor? |
| 2012-03-23 19:33:00 |
I went through a very expensive real estate seminar program and learned a lot about real estate investing. I took that knowledge and hit the ground running and NEVER stopped. I was frustrated, determined, and very motivated to making real estate investing work for me.
I was frustrated for many reasons, including but not limited to:
Real Estate Agents that stopped making offers for me
Contractors that took advantage of me
Financial vultures that looked for even more ways to part me from my money
The thousand different things that can go wrong in a real estate deal
I blogged as I moved forward...I spoke of my frustrations and the challenges I've faced. Many have reached out to me with their frustrations too. In fact, it breaks my heart to hear of someone committed to become a real estate investor and see them give up, defeated.
That's why I started my Field Trips. I know your pain. I was there when I didn't even know what question to ask. I lea...
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| Jean Norton Featured on CNN Money Article on Tax Liens |
| 2012-03-05 14:33:00 |
NEW YORK (CNNMoney) -- Jean Norton's first foray into tax lien investing was hands-down a lucrative one.Norton, who was a marketing director at a tech firm at the time, had bought and sold real estate for years. She had heard about investors who were making nice profits buying liens on homes with overdue property taxes. So in 2009, she attended a seminar to learn how to put her own skin in the game.See the compete article here: http://money.cnn.com/2012/03/05/real_estate/tax-liens/...
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| What if Someone Died a Violent Death in Your Rehab? |
| 2012-02-11 19:53:00 |
Some of your best deals can be found in Probate Courts. So the question today was: How successful can I be at reselling a rehabbed house where someone committed suicide?
The answer is: Not to successful. There is now a stigma at that property...the neighbors will always know that property as the house where someone killed themselves.
The next question? "How to make money with this property?"
The answer, thanks to my mentor Cliff Gager, "Time".
You can find great deals with probate properties, but if there is some tragedy associated with it, then you must know it will take time for that stigma to disappear. Best to buy and hold that property for cash flow and appreciation! After 5 years or so, then sell, sell, sell! Thanks Cliff!...
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| On Using Land Trusts for Wholesaling |
| 2012-02-04 10:27:00 |
I've used Land Trusts for the last year for my real estate purchases - it's been so EASY to take title in the trust and then either:
Wholesale to another
Raise money from Cash Investors
Resell to a Cash Buyer
I'm holding a con-call TODAY (Feb 4, 2012) at 4PM Central time about how/when and what I've done using land trusts. Disclaimer - I am not an attorney or an expert on this subject, just sharing what has worked for me. I recommend you consult an attorney that understands Land Trusts (if you can find one) before using them.
Register at http://budurl.com/jeanscalls and you'll get the link to last weeks call on Gold in Notes.
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| Big Lessons Learned when Buying in Maryland |
| 2012-01-16 17:34:00 |
Sometimes sharing what I learn with you isn't always pleasant. You've read about the many times properties have fallen out of escrow, the ovens stolen, the holdup's with releasing funds and timing funds to appear when you need them to close on a property. Just when I thought I got this whole routine of buying properties down...I mean the process...I'm hit with another gotchya. Maryland's processes and procedures regarding deed recording.
Becoming more comfortable with my out of state investing activities in California, I saw an opportunity for a property right outside of Washington DC and I could get it at 40 cents on the dollar - and the contractor quote came in at a reasonable $16k. So being happy and confident with the numbers, the people located in that area, my contractor that gave me the quote, I was already to go through my process of handling properties.
This is what happens in California:
Get the property under contract
Sign a boatload of papers
Wai...
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| After the Seminar Ends: Real Estate Newbie Shares as She Learns |
| 2012-01-02 09:35:00 |
For the last 2 1/2 years I've blogged as I experienced real estate investing. I've shared my successes, challenges and frustrations. Now all blog posts compiled into an eBook, it's available to you for easier reading. This eBook contains all the blog posts from it's inception through December 2012. The eBook will be emailed to you - so check for it in your junk folder. Enjoy!
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| Year End Opportunities |
| 2011-12-13 11:03:00 |
Sometimes I get so involved in the details of my real estate investing I forget to share everything with you, and I apologize for that. I am still a student of real estate investing, and having been so for over 2 years, I've learned about the cyclical opportunities and getting good real estate deals.
Last year this time I started accumulating several properties after a full year of trying with no success. I didn't really think much about it as a cyclical event at the time. I was just delighted to finally get some well priced deals. I also participated in the 2010 Armando Montelongo Bus Tour (and gave an unbiased report here). Delighted to be part of the event, I had no idea how effective it was to network with other investors and in fact, landed an all cash private investor for one of my deals I had just purchased for a song. We both enjoyed a nice little profit from that deal. They invested $66k and were returned $75k just a few months later. A 14% ...
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| Sometimes I Just Can't Help Myself |
| 2011-12-10 13:15:00 |
I am honored and blessed to attract such a successful following. The results of these few Field Trips are absolutely phenomenal. Watch for a new blog on the details of everyone's successes.
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