Escrow Companies and Licensing

Escrow Companies and Licensing
A real estate transaction has a lot of moving parts and escrow companies exist to be a neutral third party that handles closings, funds, pro-ration of taxes, ties in the loans and basically makes sure the transaction happens the way it is supposed too.  As we have started buying...

First Time Investors. 59%?

First Time Investors.  59%?
My posts have been a bit scare lately.  May was a very busy month and it seems like June is going to be even more busy. The market continues to be a bit on the crazy side.  Retail resale values seem to be trending down with less than average activity, on the opposite side investors...

Focusing on a particular property?

Focusing on a particular property?
Every so often an investor will explain to me the specifics of a property they are trying to buy.  After giving me the details and explaining the twenty different ways they have tried to make the deal work, they are hoping I have the secret idea #21 that will finally get the deal...

Book Review: Crash Boom by Greg Rand

Book Review: Crash Boom by Greg Rand
The publishers of Crash Boom were nice enough to send me a review copy of the book.  The premise is that the Real Estate market is majorly cyclical and if you pay attention when the bottom is forming in the Real Estate market and you want to be a buyer.  He basically reviews the...

Real Estate Gurus Blast from the Past

Real Estate Gurus Blast from the Past
I ran across these videos from late night guru Tommy Vu. These are pretty funny if you got some a bit of time on your hands. Some of the quotes he was famous for: “Are you man enough to get off your lazy American ass and go to Vu’s seminars?” “A lot of your...

Cash Buyers a Big Percentage in California

Cash Buyers a Big Percentage in California
The Wall Street Journal released an interesting article about the number of cash-buyers in certain markets. They show Stockton, CA which is quite a depressed market at 29%, that is where I guess the Inland Empire would be.  Los Angeles County is at a more reasonable 18.7%.  They...

Jan Month-End and a Busy Start

Jan Month-End and a Busy Start
Sorry, I have not been blogging very much at all.  January has been extremely busy! 2010 was a great year for us. Here is what happened in January: We sold 1 property. We bought 6 properties. We rented 5 houses (4 were new purchases, 1 was from a move-out after the lease ended). We...

All the Investing “Mistakes” I Made…

All the Investing “Mistakes” I Made…
Real Estate Investors can rattle off all the advice for investors to get started: build a support team, get training, have ample cash reserves and then look for properties. I took the other path: I didn’t have much of support team On our first deal we worked with a contractor...

Rental Phone Calls – Toktumi – The Service I picked

Rental Phone Calls – Toktumi – The Service I picked
As we started renting properties I had to search for solutions for phone calls.  I had a two major requirements: I wanted a local number versus a 1-800 number… I am sure a 1-800 number would work, but I think people are less likely to call it. I didn’t want to give out...

How I Raised a Quarter of a Million Dollars?

How I Raised a Quarter of a Million Dollars?
I haven’t talked about financing too much lately, but I thought I would share some details on how I was able to raise some money recently. It all started on a real estate site I visit regularly BiggerPockets, which is my favorite and the best real estate forum on the internet. ...

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