DON JUSTICE REAL ESTATE: May 2016

Tuesday 31 May 2016

Caution Advised

I’ve said for years that we (I) won’t know today’s state of the real estate market until we have at least 18 months’ hindsight. I’m putting this here for later reference. 3% Downpayment being offered by Wells Fargo. Having nearly no skin in the game didn’t work out well last time. Fact: some people shouldn’t be […]

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An Investor Answers: Why Does the Cap Rate Formula Not Include Debt Service?

Investors: Have you ever wondered, "Why do we not include debt service into the cap rate?" Get the expert advice you need here!

View the full article: An Investor Answers: Why Does the Cap Rate Formula Not Include Debt Service? on on The BiggerPockets Blog. This content is Copyright © 2015 BiggerPockets, Inc. All Rights Reserved.

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The 13 Tell-Tale Traits of a Scammy Real Estate Investment Guru

I am not a real estate guru. I don’t have anything to sell you. I write articles like this because I am a property manager, and it hurts my business when people fall for scammy real estate gurus. I don’t want people coming to me in a panic hoping I can recover their failed investment. [...]

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http://www.biggerpockets.com/renewsblog/2016/05/31/21-traits-scammy-real-estate-investment-guru/

6 Major Reasons to Invest in Real Estate (& How to Invest With Purpose!)

Your WHY is possibly more important than your HOW when investing in real estate. Learn why real estate is awesome (& how to invest with purpose) here!

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http://www.biggerpockets.com/renewsblog/2016/05/31/invest-with-purpose/

Monday 30 May 2016

One Hundred Dollars is Keeping You From Investing: Here’s How to Change That

"I don't have the money to invest in real estate." Is that true -- or are your habits simply holding you back? Here's how to keep that $100 in your pocket.

View the full article: One Hundred Dollars is Keeping You From Investing: Here’s How to Change That on on The BiggerPockets Blog. This content is Copyright © 2015 BiggerPockets, Inc. All Rights Reserved.

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Real Estate is a “People” Industry: Here’s What You Can Gain by Focusing on the Human Side

Many investors know that real estate is a "numbers game" -- but fewer focus on the importance of human connections. Get valuable insight here!

View the full article: Real Estate is a “People” Industry: Here’s What You Can Gain by Focusing on the Human Side on on The BiggerPockets Blog. This content is Copyright © 2015 BiggerPockets, Inc. All Rights Reserved.

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What All Real Estate Investors Should Remember on Memorial Day

How are you spending this Memorial Day? Be sure to take some time away from barbecuing to be grateful and give back to others!

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http://www.biggerpockets.com/renewsblog/2016/05/30/thoughts-real-estate-investors-memorial-day/

Sunday 29 May 2016

3 Lessons Real Estate Investors Can Learn About Overcoming Fear From Rock Climber Alex Honnold

You'll never reach success if you're too scared to take action. Here's what we can learn from world famous rock climber Alex Honnold about overcoming fear.

View the full article: 3 Lessons Real Estate Investors Can Learn About Overcoming Fear From Rock Climber Alex Honnold on on The BiggerPockets Blog. This content is Copyright © 2015 BiggerPockets, Inc. All Rights Reserved.

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The 6 Types of Mobile Home Buyers Investors Compete Against

The first step to dominating your local market is knowing your competition. Here are the 6 types of buyers mobile home investors should guard against.

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http://www.biggerpockets.com/renewsblog/2016/05/29/identify-mobile-home-investing-competition/

Saturday 28 May 2016

The Simple Everyday Habit That’s Changing My Business, Relationships & Life

Change your daily habits to change your life! This investor challenged himself to adopt a simple activity into his routine -- and was amazed at the results.

View the full article: The Simple Everyday Habit That’s Changing My Business, Relationships & Life on on The BiggerPockets Blog. This content is Copyright © 2015 BiggerPockets, Inc. All Rights Reserved.

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With Government Crackdowns, Are Short-Term Vacation Rentals a Doomed Investment Niche?

In various markets, several laws have been passed limiting or banning short-term rental companies, like Airbnb. What does that mean for investors?

View the full article: With Government Crackdowns, Are Short-Term Vacation Rentals a Doomed Investment Niche? on on The BiggerPockets Blog. This content is Copyright © 2015 BiggerPockets, Inc. All Rights Reserved.

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How to Minimize the Wholesaling Competition in a Hot Market by Using Leverage

How do you succeed if you live in a highly competitive real estate market? Think outside the box by using these expert-approved strategies!

View the full article: How to Minimize the Wholesaling Competition in a Hot Market by Using Leverage on on The BiggerPockets Blog. This content is Copyright © 2015 BiggerPockets, Inc. All Rights Reserved.

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Friday 27 May 2016

The Ultimate Guide to Investing in Condos and Townhomes

Contrary to what you might hear, investing in condos and townhomes CAN be profitable. Learn everything you need to know in this 2,500+ word article!

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http://www.biggerpockets.com/renewsblog/2016/05/27/ultimate-guide-investing-condos-townhomes/

How Create a Rental Property Listing Geared Towards Top-Notch Tenants

With potential tenants having access to a huge amount of property listings online, how can you make sure they click on YOURS? Get expert tips here!

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http://www.biggerpockets.com/renewsblog/2016/05/27/perfect-rental-listing/

Why I Wish I’d Started Using the Wealth-Building Abilities of Hard Money Earlier

To the inexperienced investor, the hard money can be intimidating. But take a closer look -- it's an AWESOME strategy for building your portfolio!

View the full article: Why I Wish I’d Started Using the Wealth-Building Abilities of Hard Money Earlier on on The BiggerPockets Blog. This content is Copyright © 2015 BiggerPockets, Inc. All Rights Reserved.

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http://www.biggerpockets.com/renewsblog/2016/05/27/money-hard-money/

Thursday 26 May 2016

Why a Win-Win Mentality Is More Important Than Hard Work in Real Estate Investing

You've heard that working tirelessly is crucial for real estate success. But something discussed less is how attitude can make or break you!

View the full article: Why a Win-Win Mentality Is More Important Than Hard Work in Real Estate Investing on on The BiggerPockets Blog. This content is Copyright © 2015 BiggerPockets, Inc. All Rights Reserved.

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NEW “Annualized Total Return” Estimate on the BiggerPockets Rental Property Calculator

Your total return on investment is based on more than just cash flow. If you want to get a more accurate estimate, try this AWESOME new calculator!

View the full article: NEW “Annualized Total Return” Estimate on the BiggerPockets Rental Property Calculator on on The BiggerPockets Blog. This content is Copyright © 2015 BiggerPockets, Inc. All Rights Reserved.

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http://www.biggerpockets.com/renewsblog/2016/05/26/annualized-total-return/

Wednesday 25 May 2016

BP Podcast 176: How to Close 100+ Deals In Your First 18 Months with Tom Krol

Everyone knows it’s tough to find deals in today’s real estate market — but somehow our guest today, Tom Krol, didn’t get that memo! In his first 18 months, Tom closed over one hundred wholesale deals and has continued to dominate his market. In this explosive and highly entertaining episode, Tom goes into incredible detail [...]

View the full article: BP Podcast 176: How to Close 100+ Deals In Your First 18 Months with Tom Krol on on The BiggerPockets Blog. This content is Copyright © 2015 BiggerPockets, Inc. All Rights Reserved.

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4 Crucial Guidelines for Deducting Your Vacation Travel Expenses This Year

Does deducting the expenses associated with summer travel sound too good to be true? Good news -- these costs CAN be legitimate write-offs! Here's how.

View the full article: 4 Crucial Guidelines for Deducting Your Vacation Travel Expenses This Year on on The BiggerPockets Blog. This content is Copyright © 2015 BiggerPockets, Inc. All Rights Reserved.

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http://www.biggerpockets.com/renewsblog/2016/05/25/4-important-tips-deducting-vacation-travel-year/

BP Member Interview: How to Profit in a Hot Market With Retirement Communities [Video, Pics & Numbers!]

Trying to invest in a hot real estate market? You may have to think creatively! Here's why you should consider retirement communities.

View the full article: BP Member Interview: How to Profit in a Hot Market With Retirement Communities [Video, Pics & Numbers!] on on The BiggerPockets Blog. This content is Copyright © 2015 BiggerPockets, Inc. All Rights Reserved.

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http://www.biggerpockets.com/renewsblog/2016/05/25/hilaryallison-show-2kevin-fletcher/

Why You Should Stop Looking for an “Investor-Friendly” Real Estate Agent

Are investor-friendly agents the "unicorns" of the real estate world -- or are investors just not seeking them the correct way? Get valuable insight here!

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http://www.biggerpockets.com/renewsblog/2016/05/25/stop-aeoeinvestor-friendlyaereal-estate-agent/

How to Price Your Vacation Rental to Maximize Income Without Driving Away Guests

How do you find the correct pricing for your vacation rental to create maximum cash flow without risking vacancies due to too-high rates? Get tips here!

View the full article: How to Price Your Vacation Rental to Maximize Income Without Driving Away Guests on on The BiggerPockets Blog. This content is Copyright © 2015 BiggerPockets, Inc. All Rights Reserved.

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http://www.biggerpockets.com/renewsblog/2016/05/25/pricing-vacation-home-rental/

Tuesday 24 May 2016

Can I (and Should I) Move My Property Into an LLC and Out of My Name?

Investors often ask if it's feasible (and wise) to move properties into an LLC and out of their own names. Get an expert's advice here!

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http://www.biggerpockets.com/renewsblog/2016/05/24/move-property-llc-name/

Case Study: How One Couple is Using Real Estate to Retire With $410,000/Year by Age 62

What's YOUR strategy when it comes to retirement? If you want a more comfortable income than your 401K can provide, check out this real life case study!

View the full article: Case Study: How One Couple is Using Real Estate to Retire With $410,000/Year by Age 62 on on The BiggerPockets Blog. This content is Copyright © 2015 BiggerPockets, Inc. All Rights Reserved.

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http://www.biggerpockets.com/renewsblog/2016/05/24/couples-purposeful-plan/

Charlottesville – Then and Now for Some Perspective

There are so very many conversations ongoing in Charlottesville about “how and where should Charlottesville grow?” Spend some time at the Charlottesville Then & Now … things change. Things will always change. How we change is an important dialogue. Charlottesville was a cool place then and (hopefully) it will be a cool place in 20 and […]

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http://feedproxy.google.com/~r/CentralVaRealEstateNewsTrendsAndOpinions/~3/sxwoVnHAmJM/

An Investor Analyzes: Could Crowdfunding Disrupt the Hard Money Lending Industry?

Crowdfunding in real estate has undoubtedly been on the rise in the past few years -- but could it bring on a complete shift in how investors fund deals?

View the full article: An Investor Analyzes: Could Crowdfunding Disrupt the Hard Money Lending Industry? on on The BiggerPockets Blog. This content is Copyright © 2015 BiggerPockets, Inc. All Rights Reserved.

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http://www.biggerpockets.com/renewsblog/2016/05/24/crowdfunding-disrupt-hard-money-lending-industry/

Monday 23 May 2016

T.S.A. Replaces Security Chief as Tension Grows at Airports and Age

Peter V. Neffenger, the agency's administrator, removed Kelly Hoggan as part of an overhaul after facing a backlash over waits at airport security lines and management problems.

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http://goo.gl/W5RDnC

How to Retire in 3 Years Through Real Estate Investing

It sounds too good to be true -- but this is no gimmick. Learn how you can use real estate to retire in just 3 years with some planning, focus, and effort!

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http://www.biggerpockets.com/renewsblog/2016/05/23/retire-3-years-real-estate-investing/

6 Actionable Steps to Land Your Very First Apartment Building Deal

Apartment building investing can definitely be intimidating -- but you CAN get there if you break the process into doable steps! Here's EXACTLY how.

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http://www.biggerpockets.com/renewsblog/2016/05/23/6-steps-apartment-building-deal/

How to Inspect & Maintain Your Rental Property’s Electrical System

Home Appraisal: 9 Tips to Get a Higher Valuation (& Appeal a Too-Low Assessment)

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http://www.biggerpockets.com/renewsblog/2016/05/23/inspecting-maintaining-rental-propertys-electrical-system/

7 Advantages to Working With Mobile Home Builders and Dealers as an Investor

If you're a mobile home investor, it can be highly advantageous to work with builders and dealers. Here's how they can help you up your profits.

View the full article: 7 Advantages to Working With Mobile Home Builders and Dealers as an Investor on on The BiggerPockets Blog. This content is Copyright © 2015 BiggerPockets, Inc. All Rights Reserved.

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Sunday 22 May 2016

4 Reasons You Should Sign Up for a National Real Estate Conference NOW

Feel your real estate business stagnating -- or just need a little inspiration? Here's why attending a national conference could be the push you need!

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http://www.biggerpockets.com/renewsblog/2016/05/22/4-reasons-attend-national-conferences-immediately/

What’s More Costly: Rental Vacancies or Filling Rentals With Subpar Tenants?

If you're a landlord, would you rather pay for vacancies or risk your properties to poor quality tenants? Get insight and weigh in on the discussion here!

View the full article: What’s More Costly: Rental Vacancies or Filling Rentals With Subpar Tenants? on on The BiggerPockets Blog. This content is Copyright © 2015 BiggerPockets, Inc. All Rights Reserved.

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3 Common Tax Strategy Myths Taught to Investors at Educational Seminars

Educational seminars can be highly informative -- or they can perpetuate completely faulty information. DON'T fall for these tax strategy myths!

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http://www.biggerpockets.com/renewsblog/2016/05/22/myths-tax-strategies/

Saturday 21 May 2016

Two Awesomely Creative Ways to Furnish Your Short-Term Rentals on a Budget

Don't break the bank making your rentals look top-notch -- think outside the box instead! Adopt these creative methods for great-looking properties NOW.

View the full article: Two Awesomely Creative Ways to Furnish Your Short-Term Rentals on a Budget on on The BiggerPockets Blog. This content is Copyright © 2015 BiggerPockets, Inc. All Rights Reserved.

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http://www.biggerpockets.com/renewsblog/2016/05/21/think-outside-the-box-ways-furnish-short-term-rentals/

4 Steps to Ensure You’re NOT Getting Duped by a Turnkey Provider

A common question newbies ask about turnkey rentals is, "How can I tell if this deal is legit?" Learn to buy with confidence using these steps!

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http://www.biggerpockets.com/renewsblog/2016/05/21/ensure-arent-duped-turnkey-property/

Spring Is Here – Time to See Houses on Bicycles

Want to try this with me? I have an idea I’m almost ready to share, and it’s a simple one – seeing houses by bicycle. Not rickshaw. That would be silly. More next week.

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6 Steps to Masterful Real Estate Negotiation (to Land the Very Best Deals!)

Negotiation is a skill every investor needs to master for real estate success. Follow these steps for landing the best possible deals in your market.

View the full article: 6 Steps to Masterful Real Estate Negotiation (to Land the Very Best Deals!) on on The BiggerPockets Blog. This content is Copyright © 2015 BiggerPockets, Inc. All Rights Reserved.

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Friday 20 May 2016

Trying to Buy & Hold in a Hot Real Estate Market? Stop! And Consider THIS Instead.

Are the buy & hold numbers in your market simply not adding up? Stop trying to force it -- and start analyzing whether THIS method could work much better!

View the full article: Trying to Buy & Hold in a Hot Real Estate Market? Stop! And Consider THIS Instead. on on The BiggerPockets Blog. This content is Copyright © 2015 BiggerPockets, Inc. All Rights Reserved.

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Don’t Let the Risk of Investing in Real Estate Paralyze You: Here’s How

Real estate investing always comes with some level of risk. But is the risk worth the reward? Learn how to assess your deals with confidence here!

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http://www.biggerpockets.com/renewsblog/2016/05/20/risk-worth-reward/

How to Choose the Best Source of Funding for Your Next Real Estate Deal

One of the biggest questions real estate newbies have is how to find the funds to make deals. Learn the best ways to find that funding here.

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http://www.biggerpockets.com/renewsblog/2016/05/20/choose-funding-source-deal/

Thursday 19 May 2016

Sometimes It’s Better to Pass on Other People’s Money When Investing: Here’s Why

A few weeks ago, a close family member came to me for some financial brainstorming. He had just received a large windfall from the sale of his Chicago-area home. We opened the conversation joking about all the frivolous things he could do with the money. As the conversation moved toward serious, we arrived at a [...]

View the full article: Sometimes It’s Better to Pass on Other People’s Money When Investing: Here’s Why on on The BiggerPockets Blog. This content is Copyright © 2015 BiggerPockets, Inc. All Rights Reserved.

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10 Invaluable Lessons I Learned From My Very First Tenant Eviction

It's not a matter of it but WHEN you'll need to deal with your first eviction. Here are some lessons about evictions that only experience can teach.

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http://www.biggerpockets.com/renewsblog/2016/05/19/10-lessons-learned-tenant-eviction/

Wednesday 18 May 2016

BP Podcast 175: The Power of a Team to Build a Multifamily Real Estate Empire with Mike O’Connor and Matt Wood

Building a real estate portfolio can be challenging — but taking others along for the ride can help everyone achieve incredible results. That’s the topic on today’s episode of the BiggerPockets Podcast, where we sit down with Mike O’Connor and Matt Wood, two young investors from the Atlanta area who have built a sizable portfolio [...]

View the full article: BP Podcast 175: The Power of a Team to Build a Multifamily Real Estate Empire with Mike O’Connor and Matt Wood on on The BiggerPockets Blog. This content is Copyright © 2015 BiggerPockets, Inc. All Rights Reserved.

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The Investor’s Complete Guide for Hiring a Trustworthy Out-Of-State Contractor

A contractor can make or break the success of your rehabs. Learn how to hire with confidence, even if you're out-of-state, here!

View the full article: The Investor’s Complete Guide for Hiring a Trustworthy Out-Of-State Contractor on on The BiggerPockets Blog. This content is Copyright © 2015 BiggerPockets, Inc. All Rights Reserved.

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What Real Estate Investors Can Learn About Motivation From Charles Schwab & Bethlehem Steel

Charles Schwab was one of America's most successful businessmen -- and he was also an incredible motivator. Here's what investors can learn from him.

View the full article: What Real Estate Investors Can Learn About Motivation From Charles Schwab & Bethlehem Steel on on The BiggerPockets Blog. This content is Copyright © 2015 BiggerPockets, Inc. All Rights Reserved.

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Real Estate News Roundup: China Overtakes Canada as Largest Foreign Buyer, Only 9% of Millennials Plan to Buy Within a Year

With $93 billion spent, the Chinese have just overtaken Canada as the biggest foreign buyers of U.S. real estate. Read and this news and more here!

View the full article: Real Estate News Roundup: China Overtakes Canada as Largest Foreign Buyer, Only 9% of Millennials Plan to Buy Within a Year on on The BiggerPockets Blog. This content is Copyright © 2015 BiggerPockets, Inc. All Rights Reserved.

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Tuesday 17 May 2016

7 Myths About the Real Estate Professional Tax Status, Debunked

Qualifying for the real estate professional status can save you BIG on taxes -- but there are many misconceptions about this designation. Learn more here.

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http://www.biggerpockets.com/renewsblog/2016/05/17/7-real-estate-professional-myths-debunked/

The Simple Truth To Accomplishing Significantly More, Faster

Do you feel drained at the end of the day -- yet you're not quite sure what you accomplished? Supercharge your productivity with this simple tip!

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http://www.biggerpockets.com/renewsblog/2016/05/17/accomplish-more-faster/

One Investor’s Advice for Digging Out the Best Information on the BiggerPockets Forums

Want to get the most out of BiggerPockets' wealth of information? Here's one investor's advice for wedding out the best tips and feedback.

View the full article: One Investor’s Advice for Digging Out the Best Information on the BiggerPockets Forums on on The BiggerPockets Blog. This content is Copyright © 2015 BiggerPockets, Inc. All Rights Reserved.

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What I Learned From Robert Kiyosaki About Surviving an Economic Recession

I recently had the opportunity to learn from Robert Kiyosaki himself. Here's the advice he gave for surviving hard economic conditions.

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http://www.biggerpockets.com/renewsblog/2016/05/16/learned-robert-kiyosaki-surviving-economic-recession/

America’s Middle Class is in Bad Financial Shape: Here’s How Real Estate Can Help

Much of the United States' middle class struggles to pay bills and fund retirement. Here's why real estate just may be the solution to many financial woes.

View the full article: America’s Middle Class is in Bad Financial Shape: Here’s How Real Estate Can Help on on The BiggerPockets Blog. This content is Copyright © 2015 BiggerPockets, Inc. All Rights Reserved.

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The 3 Things That Make No Money Down Real Estate Dangerous

No money down real estate DOES work -- but it's nothing to mess around with unless you know what you're doing. Learn about the dangers here.

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http://www.biggerpockets.com/renewsblog/2016/05/16/money-safe-invest-real-estate/

How to Fill Your Life With Positive Influences (for More Happiness & Productivity!)

You are what you surround yourself with. Learn why choosing your influences is vital to creating a happier, more balanced day-to-day life here.

View the full article: How to Fill Your Life With Positive Influences (for More Happiness & Productivity!) on on The BiggerPockets Blog. This content is Copyright © 2015 BiggerPockets, Inc. All Rights Reserved.

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