DON JUSTICE REAL ESTATE: August 2016

Wednesday 31 August 2016

Police Academies in Texas

There are 71 police academies in Texas. To find out more about law enforcement training, requirements, and career opportunities near you, visit our website.

from
http://policeacademies.info/texas/

Monday 29 August 2016

HOA Docs Have some Interesting Things

Saw this story today, “EL DORADO HILLS — An El Dorado Hills subdivision still has a “whites only” occupancy rule on the books.” And remembered (I wrote about this in 2012) this clause from a Charlottesville neighborhood: This particular document was written in 1972. Nineteen. Seventy. Two! And in 1992 the neighborhood said no, that’s bad. […]

from
http://feedproxy.google.com/~r/CentralVaRealEstateNewsTrendsAndOpinions/~3/AJ9lOD28THM/

Monday Reading – AirBnB, Smart Homes, Affordable Housing

“Can I AirBnB this?” is a question a lot more of my clients are asking. Everyone wants to tax AirBnB. Here’s how to apply to be taxed at Charlottesville’s site. Albemarle County are considering (they will) taxing AirBnb. I wish they would date their documents. Interesting point from a County recommendation in November 2015: “Albemarle County […]

from
http://feedproxy.google.com/~r/CentralVaRealEstateNewsTrendsAndOpinions/~3/Uo3FcKskFoI/

Friday 26 August 2016

Fun Friday

My lead quote in this month’s note: Life moves pretty fast. If you don’t stop and look around once in a while, you could miss it. ~ Ferris Bueller

from
http://feedproxy.google.com/~r/CentralVaRealEstateNewsTrendsAndOpinions/~3/tzucFPwkg9Y/

Tuesday 23 August 2016

3 Reasons to Always Buy Distressed Property (& How to Find One)

Buying distressed property may seem like a major commitment -- but there are HUGE, valuable advantages to investing in these homes.

from
http://www.biggerpockets.com/renewsblog/3-reasons-buy-distressed-property

Monday 22 August 2016

Creative Financing: 5 Outside-the-Box Tools Savvy Investors Use to Build Wealth

Wealth builders realize traditional financing can only get you so far. Learn about creative financing in this MASSIVE guide, with diagrams, examples & more!

View the full article: Creative Financing: 5 Outside-the-Box Tools Savvy Investors Use to Build Wealth on on The BiggerPockets Blog. This content is Copyright © 2015 BiggerPockets, Inc. All Rights Reserved.

from
http://www.biggerpockets.com/renewsblog/creative-financing

How to Find Viable Home Sellers Eager to Make a Deal Work

Tired of trying to extract deals from less-than-motivated sellers? Learn how to attract those who are truly eager to make a deal with these tips!

from
http://www.biggerpockets.com/renewsblog/find-motivated-sellers

How Much CapEx Do You Need to Include in Your Pro Forma?

How can you know that you won't underestimate costly CapEx expenses in your pro forma? Get useful advice from an expert here!

from
http://www.biggerpockets.com/renewsblog/capex-include-pro-forma/

Sunday 21 August 2016

How Big Should I Aim for My Very First Multifamily Purchase?

If you're looking to land your first multifamily purchase, should you buy as much as you can afford or aim for something smaller? Get expert advice here!

from
http://www.biggerpockets.com/renewsblog/big-aim-start-multifamily/

How to Overcome the 10 Biggest Obstacles Between You & Your First Deal

What really stops first time investors from getting started? How do you get past those hurdles and limiting beliefs? In my previous article, I revealed the 10 reasons investors say they are held back from getting started. Now let’s look at 3 solutions to each excuse, so that you can get started on your way to [...]

from
http://www.biggerpockets.com/renewsblog/close-real-estate-deal-getting-unstuck-part-2/

Investment Property Loans: The Ultimate Guide to Funding Your Deals

She was a three-unit small apartment located in a great location, with stable tenants, and an ugly paint job. This triplex, which I call “Cherry Street,” was close to becoming the newest addition to my growing rental portfolio, but with Cherry Street I was about to do something I had never done before: start looking at investment [...]

from
http://www.biggerpockets.com/renewsblog/2013/06/21/investment-property-loans/

Saturday 20 August 2016

How to Be a Rockstar Real Estate Agent: 9 Tips for Standout Success

Some real estate agents rave about their jobs, citing huge client bases & big paydays. Others seem to struggle to stay afloat. So what sets them apart?

from
http://www.biggerpockets.com/renewsblog/rockstar-real-estate-agent/

How to Maximize Rental Profits by Avoiding CapEx & Taking Advantage of Appreciation

There are many strategies for maximizing rental property returns. If you like a relatively hands off way to invest, however, this strategy could be for you.

View the full article: How to Maximize Rental Profits by Avoiding CapEx & Taking Advantage of Appreciation on on The BiggerPockets Blog. This content is Copyright © 2015 BiggerPockets, Inc. All Rights Reserved.

from
http://www.biggerpockets.com/renewsblog/maximize-profits-rental-property/

How to Go From Zero to $8k/Month in Retirement Income (With No Remaining Debt)

Retirement may seem daunting -- but with some planning & wise choices, it is absolutely possible to build passive income for amazing freedom later in life.

View the full article: How to Go From Zero to $8k/Month in Retirement Income (With No Remaining Debt) on on The BiggerPockets Blog. This content is Copyright © 2015 BiggerPockets, Inc. All Rights Reserved.

from
http://www.biggerpockets.com/renewsblog/roadmap-retirement-real-estate-with-remaining-debt/

Friday 19 August 2016

Should You Pay for an Expensive Real Estate Education Course?

Will paying for a real estate course set you up for massive success -- or just massive debt? Get the expert insight you need here!

from
http://www.biggerpockets.com/renewsblog/pay-expensive-real-estate-education-course/

The Ultimate Strategy to Tap into Suspended Rental Passive Losses

The power of investing in real estate lies in the ability to offset your income with the passive losses. So what happens when your income is too high?

from
http://www.biggerpockets.com/renewsblog/ultimate-strategy-tap-suspended-rental-passive-losses/

3 Lessons I Learned by Closing on a 49-Unit Apartment Building [With Video & Pics!]

Want to know what it's like to buy a 49-unit apartment building? Learn from an investor who just closed on one (pictures and video included)!

View the full article: 3 Lessons I Learned by Closing on a 49-Unit Apartment Building [With Video & Pics!] on on The BiggerPockets Blog. This content is Copyright © 2015 BiggerPockets, Inc. All Rights Reserved.

from
http://www.biggerpockets.com/renewsblog/apartment-building-3-invaluable-lessons/

Thursday 18 August 2016

How Many Real Estate Deals Could You Do With an Unlimited Supply of Money?

It's easy to think you could scale your business sky high if only you had the capital -- but growing a business requires a LOT more than just money.

View the full article: How Many Real Estate Deals Could You Do With an Unlimited Supply of Money? on on The BiggerPockets Blog. This content is Copyright © 2015 BiggerPockets, Inc. All Rights Reserved.

from
http://www.biggerpockets.com/renewsblog/real-estate-deals-unlimited-supply-money/

The Top 10 Reasons Newbies Say They’re Stuck (Per the BiggerPockets Forums)

When newbies are unable to land that first deal or scale the way they'd like, what's the underlying issue? Here are the 10 most common responses.

View the full article: The Top 10 Reasons Newbies Say They’re Stuck (Per the BiggerPockets Forums) on on The BiggerPockets Blog. This content is Copyright © 2015 BiggerPockets, Inc. All Rights Reserved.

from
http://www.biggerpockets.com/renewsblog/what-really-stops-first-time-investors-from-getting-started/

BP Podcast 188: Using 20+ Years of Studying Market Cycles to Buy Low & Sell High with David Gudmundsen

Is the real estate market about to collapse? Do we have 10 more years? What’s the future hold? While no one can definitively answer these questions, today’s guest has some keen insight into timing the market, allowing you to “buy low and sell high.” Today, we’re excited to introduce you to David Gudmundsen, an investor who’s [...]

View the full article: BP Podcast 188: Using 20+ Years of Studying Market Cycles to Buy Low & Sell High with David Gudmundsen on on The BiggerPockets Blog. This content is Copyright © 2015 BiggerPockets, Inc. All Rights Reserved.

from
http://www.biggerpockets.com/renewsblog/bp-podcast-188-using-20-years-studying-market-cycles-buy-low-sell-high

Wednesday 17 August 2016

CEO Interview: Insider Tips on Property Analysis, Areas to Invest & Off-Market Deals

Don't miss this interview with Gino Blefari, CEO of HSF Affiliates LLC, which operates the real estate brokerage network of Berkshire Hathaway HomeServices!

View the full article: CEO Interview: Insider Tips on Property Analysis, Areas to Invest & Off-Market Deals on on The BiggerPockets Blog. This content is Copyright © 2015 BiggerPockets, Inc. All Rights Reserved.

from
http://www.biggerpockets.com/renewsblog/interview-property-analysis-areas-to-invest

Answers to the Top 5 Questions Asked by Aspiring Wholesalers

Do you want to go ahead and get started with wholesaling -- but find you have more questions than answers? This is the article for you!

from
http://www.biggerpockets.com/renewsblog/answers-top-5-questions-asked-aspiring-wholesalers/

Killing Blog Comments – A Very Tempting Thought

No one comments anymore. I'm tempted to follow NPR's lead, and remove comments on RealCentralVA. As they noted, naturally, on Twitter:

Significant stat on comment retirement: Only .003 percent of visitors posted even once a month over three months.

from
http://feedproxy.google.com/~r/CentralVaRealEstateNewsTrendsAndOpinions/~3/DgzhVgZ4B5A/

Property Lien Search: How to Find Out About a Lien on a House

Recently, I was talking to a friend who was looking at purchasing a piece of property. He was nervous because it was going to be his first home, and he asked me about finding out about a lien on a house and doing a property lien search. His concern for liens against his property is valid [...]

from
http://www.biggerpockets.com/renewsblog/property-lien-search

How I Bought a Multi-Million Dollar Apartment Complex at the Age of 26

Want to invest in larger real estate but have no idea what an actual deal of this size looks like? Learn from someone who's done it -- at age 26, no less!

from
http://www.biggerpockets.com/renewsblog/bought-multi-million-dollar-apartment-complex-age-26/

Tuesday 16 August 2016

6 (More) Hidden Costs That Blindside Multifamily Investors

Educate yourself on (and prepare for) "unexpected" costs associated with investing -- it'll limit your risk & give you the confidence to take action!

from
http://www.biggerpockets.com/renewsblog/6-hidden-costs-investing-real-estate/

3 Likely Reasons You’re Broke — And What to Do About It

Can't get out of the cycle of living paycheck to paycheck? There are reasons you can never save up any money -- and those reasons are solvable!

from
http://www.biggerpockets.com/renewsblog/top-3-reasons-broke/

Is a College Education Financially Worth It — Or Is It a Giant Scam?

What's the truth -- is college a great way to build a solid financial future or is it a giant money-making scam? It all depends on your perspective.

from
http://www.biggerpockets.com/renewsblog/is-college-worth-it-or-scam/

Monday 15 August 2016

As Foreclosures Plunge Toward Pre-Recession Rates, What’s in Store for Investors?

It wasn’t so long ago that the words “foreclosure crisis” and “foreclosure wave” were on every other headline. Those words carried some real sting, too. Millions of homes nationwide cycled into foreclosure in the wake of the Great Recession, and millions of other homes lost value because foreclosures undercut neighboring values so badly. The times [...]

View the full article: As Foreclosures Plunge Toward Pre-Recession Rates, What’s in Store for Investors? on on The BiggerPockets Blog. This content is Copyright © 2015 BiggerPockets, Inc. All Rights Reserved.

from
http://www.biggerpockets.com/renewsblog/foreclosures-plunge-pre-recession-ratesstore-investors/

5 Items You NEED in Any Real Estate Wholesale Contract

Just starting out as a wholesaler and want to make sure you don't leave anything out of your contract? Be sure to add in these 5 essential elements!

from
http://www.biggerpockets.com/renewsblog/wholesale-contract

Why (Almost) All the Most Successful Real Estate Investors Fund Their Deals Creatively

Traditional financing can work well for your average home buyer -- but if you're an investor, eventually you're going to HAVE to get creative. Here's why.

View the full article: Why (Almost) All the Most Successful Real Estate Investors Fund Their Deals Creatively on on The BiggerPockets Blog. This content is Copyright © 2015 BiggerPockets, Inc. All Rights Reserved.

from
http://www.biggerpockets.com/renewsblog/successful-investors-creative-financing

Local Journalism Matters

I couldn’t do what I do in real estate (or in the community) without local journalism. Without Charlottesville Tomorrow, we would be a far, far less informed community. If you can, help support Charlottesville Tomorrow. (I have)

from
http://feedproxy.google.com/~r/CentralVaRealEstateNewsTrendsAndOpinions/~3/nB5fsgxADxg/

Monthly Note August 2016

Last month’s note was fun; this one should be, too. Ask for the note here (it’s easy!) Value & Innovation in Real Estate – Part 2 Slack Owning it (one of my favorite stories) Market update Last month on the blogs Things I’m reading.

from
http://feedproxy.google.com/~r/CentralVaRealEstateNewsTrendsAndOpinions/~3/2R64mIJ7b4A/

4 Lessons I’ve Learned From My Made-in-Heaven Real Estate Partnership

A real estate partnership can either make of break your ability to build a thriving business. Get tips from someone who's built an awesome team here!

from
http://www.biggerpockets.com/renewsblog/made-in-heaven-partnership

Sunday 14 August 2016

Should I Pay Off Debt or Use Those Funds to Invest?

What's better in the financial long-run: paying off your debt or using expendable funds for investment? That all depends on your situation.

from
http://www.biggerpockets.com/renewsblog/pay-off-debt-or-invest

5 Reasons the Midwest is Hands Down the Best Place to Invest

With real estate costs rising in most major U.S. cities, finding a good real estate deal seems impossible. Unless, that is, you're looking in the Midwest.

from
http://www.biggerpockets.com/renewsblog/invest-mid-west/

Saturday 13 August 2016

How I Find Private Money Lenders to 100% Fund My Deals (& How You Can, Too)

How do you keep deals flowing? By making sure you have funding! Using other people's money is a powerful way to grow wealth. Here's how.

View the full article: How I Find Private Money Lenders to 100% Fund My Deals (& How You Can, Too) on on The BiggerPockets Blog. This content is Copyright © 2015 BiggerPockets, Inc. All Rights Reserved.

from
http://www.biggerpockets.com/renewsblog/find-private-money-lenders

How We Purchased a Portfolio of 41 Properties: From Vetting the Deal to Closing

Looking to get into bigger deals? Take this blueprint of an investor who recently purchased a 41-property deal and learn from it!

View the full article: How We Purchased a Portfolio of 41 Properties: From Vetting the Deal to Closing on on The BiggerPockets Blog. This content is Copyright © 2015 BiggerPockets, Inc. All Rights Reserved.

from
http://www.biggerpockets.com/renewsblog/purchased-portfolio-41-properties/

3 Things You Don’t Have to Think About With Turnkey Properties (& 3 Things You Do)

Turnkey rentals allow you to rely on others for the expertise required by other niches -- but that doesn't mean they don't require plenty of due diligence.

View the full article: 3 Things You Don’t Have to Think About With Turnkey Properties (& 3 Things You Do) on on The BiggerPockets Blog. This content is Copyright © 2015 BiggerPockets, Inc. All Rights Reserved.

from
http://www.biggerpockets.com/renewsblog/turnkey-properties-expertise

Friday 12 August 2016

Why the Wealthy Put Their Money Into Multifamily & Commercial Real Estate

What do the wealthy know about growing money that we don't? Here's why giving multifamily & commercial real estate a try is WELL worth your time.

from
http://www.biggerpockets.com/renewsblog/how-the-wealthy-invest

6 Hidden Real Estate Costs That Blindside Multifamily Investors

You've budgeted for the operating expenses of your multifamily rental -- but do you have a fund to cover the "hidden" expenses that'll likely come up?

from
http://www.biggerpockets.com/renewsblog/hidden-costs-multifamilies/

Should You Pay Down Your Mortgage? Not When Investments Pay a Higher Return!

Paying down a mortgage quickly is often seen as the best move -- but numbers-wise, is it really? Take an alternate perspective here!

View the full article: Should You Pay Down Your Mortgage? Not When Investments Pay a Higher Return! on on The BiggerPockets Blog. This content is Copyright © 2015 BiggerPockets, Inc. All Rights Reserved.

from
http://www.biggerpockets.com/renewsblog/investments-that-pay-a-higher-return-than-paying-down-your-mortgage/

20 Must-Have Team Members for Real Estate Investing Newbies

Newbies: You can't do it alone! If you want a good chance at success, be SURE to have these 20 team members at hand -- because you WILL need them.

from
http://www.biggerpockets.com/renewsblog/20-team-members-newbies/

Thursday 11 August 2016

5 Ways Failure Can Help You (Not Hurt You) While Cash Flow Investing

As a society, we view failure as the ultimate negative. Get over your fear of messing up by knowing that sometimes failure is necessary -- and constructive.

from
http://www.biggerpockets.com/renewsblog/5-ways-failure-helpful-cash-flow-investing/

7 Toxic Money Habits That Harm Your Financial Future

Are you inadvertently destroying your future because of small, everyday habits? It may only take little tweaks in your life to reap BIG rewards later on.

from
http://www.biggerpockets.com/renewsblog/7-toxic-money-habits-harm-financial-future/

3 Lessons Olympians Can Teach Us About Reaching Our Best Potentials

The Olympics is a perfect time to reflect on how you're working towards your goals, whatever they may be. Here's what we can learn.

from
http://www.biggerpockets.com/renewsblog/real-estate-olympics

BP Podcast 187: Building Wealth Through Older Small Multifamily Properties with Dana Bull

In this episode of the BiggerPockets Podcast, we talk about a subject many investors debate about: investing in OLD properties. Today’s guest, Dana Bull, has filled her portfolio with properties over 100 years — and she dishes out the good, the bad, and the ugly details. You’ll also learn why Dana focuses on small multifamily [...]

View the full article: BP Podcast 187: Building Wealth Through Older Small Multifamily Properties with Dana Bull on on The BiggerPockets Blog. This content is Copyright © 2015 BiggerPockets, Inc. All Rights Reserved.

from
http://www.biggerpockets.com/renewsblog/bp-podcast-187building-wealth-older-small-multifamily-properties-dana-bull/

Wednesday 10 August 2016

The 4 Best Strategies for Finding Deals as a Real Estate Wholesaler

So you want to be a real estate wholesaler -- but you're wondering how you fill your pipeline up with deals. Try these 4 strategies!

from
http://www.biggerpockets.com/renewsblog/4-strategies-finding-deals-real-estate-wholesaler/

There is a Major Problem With Your Goals

Bad news: There's a BIG problem with your goals. And it's not that you don't have them -- it's that you're not using them to set yourself up for success.

from
http://www.biggerpockets.com/renewsblog/the-problem-with-your-goals

What Real Estate Investors Can Learn From My Dad’s 800-Unit Business

We all love to hear about businesses that explode overnight -- but most great investors build up their units over the long-term. Here's what we can learn.

from
http://www.biggerpockets.com/renewsblog/real-estate-investors-learn-dad-stewardship-properties/

Tuesday 9 August 2016

Fear Could Be Costing You Millions: Here’s How to Overcome It

Fear holds back many would-be investors from ever jumping in. Are you paralyzed because you're afraid of failure? Then this is the article for you!

from
http://www.biggerpockets.com/renewsblog/real-estate-investmentcost-fear/

Short on Cash & Experience? Consider THIS Strategy to Break Into Multifamily Investing

Looking for a way to get started with multifamily investing without cash or experience? Then consider this strategy.

View the full article: Short on Cash & Experience? Consider THIS Strategy to Break Into Multifamily Investing on on The BiggerPockets Blog. This content is Copyright © 2015 BiggerPockets, Inc. All Rights Reserved.

from
http://www.biggerpockets.com/renewsblog/strategy-multifamily-investing-game/

The Simple Truth About Whether No Money Down Real Estate Can Work for You

Is no money down real estate a viable strategy for you? Take some time to read THIS experienced investor's opinion before you pursue creative financing.

from
http://www.biggerpockets.com/renewsblog/simple-truth-no-money-down-real-estate/

Sunday 7 August 2016

Home Appraisal Cost: How Much Should You Expect to Pay?

How much does a home appraisal cost? The answer might not be as simple as you think. Learn what makes this cost vary significantly here!

from
http://www.biggerpockets.com/renewsblog/home-appraisal-cost

Two Opinions on Growth

The Daily Progress have printed two editorials on growth in the Charlottesville - Albemarle (CharlAlbemarle) region. Take a few minutes to read them both.

from
http://feedproxy.google.com/~r/CentralVaRealEstateNewsTrendsAndOpinions/~3/eHqw3rB5BEQ/

I JUST Sold My Parents a Turnkey Property: This is How We Got Here

All of the business & all of the deals pale in comparison to helping your parents create life-changing passive income. Here's how an investor did just that.

from
http://www.biggerpockets.com/renewsblog/sold-parents-turnkey-property

Saturday 6 August 2016

Pre-Qualifying vs. Pre-Approved: Know the Difference or Lose the Deal

Thinking of offering on that first real estate deal? STOP! Before the letdown, make SURE you know the big difference between these two documents!

from
http://www.biggerpockets.com/renewsblog/pre-approval-vs-pre-qualifying

How to Negotiate: 7 Real Estate Negotiation Tips

[Editor’s note: J Scott has written a number of great pieces for BiggerPockets, including The Book on Flipping Houses: How to Buy, Rehab, and Resell Residential Properties and The Book on Estimating Rehab Costs: The Investor’s Guide to Defining Your Renovation Plan, Building Your Budget, and Knowing Exactly How Much It All Costs. This little gem of [...]

from
http://www.biggerpockets.com/renewsblog/2010/03/24/7-tips-for-better-real-estate-negotiation/