A moral obligation is attached to the profession of Real Estate investing. Whether we admit it, or not, our actions have consequences which impact the people we work with. That impact can be exceptionally positive or catastrophically devastating. Continue reading
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My first Real Estate dollar came from wholesaling a deal. I made $30,000 on one transaction while never owning the property. Ever since that first deal I’ve been hot on wholesaling. Over the years I’ve noticed that I sell the …
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There’s been a lot of chatter lately in major press sources about the pending recovery of the housing market. Everyone in the country seems to be holding their breath and crossing their fingers at any positive report related to Real …
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Warren Buffett is famous for his often uncanny ability to analyze companies and invest where there’s money to be made. During the tech boom of the 1990’s he was ridiculed for staying out of wild west startups coming out of …
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This article is going to be a quick one. I’ve been crunched on time. The phones are ringing. I’m about to run out and see a bunch of properties. Before I leave, I need to offer an apology to everyone …
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We’re starting the part when most perk up their ears.
Some say it’s an art that’s learned over years.
Still others decry its materialistic start
as they stroll down the isles and stuff goods in their cart.
Whatever your view, I don’t honestly care.
Your business needs marketing to get it’s fair share.
So pull out your notepads and uncap those pens.
Today we’ll discuss the means to your end. Continue reading
There is a lot of benefit to focusing on smaller geographic areas. The practice allows you to control your marketing costs, project a bigger presence and select the type of properties that you want to buy. Targeting smaller markets also allow you to become an expert in that geographic location. Continue reading
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How do you know when a tenant is lying? Their lips are moving. Being a landlord has made me a bit jaded. Many of the neighborhoods where I own and manage rental properties are not what I’d call “apple pie …
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There are a lot of moving pieces to putting a good deal together. Proper funding can always be an issue. Whether you do 1 deal a year or 1000, there are times when cash gets tight. At Hard Money Bankers …
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Last night after dinner my wife and I loaded up the dish washer in our new house. These past few days have been pretty hectic. It was nice to finally have some semblance of sanity after the chaos of a …
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I had an absolutely wonderful weekend. Memorial Day is one of my favorite national holidays. It’s become the unofficial start of summer. Boy do I love summer. This year the hot weather followed a ton of rainfall on the East …
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Some days are better than others. This morning I got a text message from one of my tenants. The apartment building where they live was on fire. Â That was at 5:42am. After speaking with the tenant he told me that …
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I always hate going to eviction court. Thankfully it’s not a place I spend a lot of my time. But last week I was forced to swallow my distaste and travel downtown to the courthouse. My business partner and I …
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If you have rental properties, you probably realize that evictions are a necessary (and unwelcomed) part of being a landlord. The prime focus of an eviction is to get the dead-beat tenants out of the house. Often it can be …
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I freakin’ love Real Estate. Days like today make me love it even more. Earlier this week I got a lead for a house. Today the property went under contract. I’m now faced with a very difficult question. Should I …
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The other day I was cleaning out a work truck at my house. It was the end of a long day. That morning I had fired a long time employee who’d been driving the vehicle for the past year. It …
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Outraged does not begin to explain it. In less distinguished company I’d probably use some colorful language to describe my anger. I’ve absolutely had it with myself right now. And the reason for my intense frustration is the fact that …
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I need a haircut. It happens about every 3 weeks. I wake up in the morning and as I brush my teeth in front of the vanity mirror I just can’t figure out when my hair got so long. It’s …
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A few weeks ago I met with one of my Real Estate students, Tom Gontz, for lunch to discuss the results he’s getting from his marketing efforts. After looking over his numbers, the conversation segued into a discussion of the current …
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Have you ever seen that show on the History Channel called Swamp People? It’s a snapshot of the lives of people who make their living hunting crocodiles in the swamps of Louisiana. I get excited every time I watch that …
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Welcome to the 2012 Real Estate Draft. This year HMB drafted a Real Estate Trainer to help all of our clients make more money investing in real estate deals. Education is a crucial part of this business and that’s why we have hired a person dedicated to bringing you the best in real estate training. Watch the video to find out who it is… Continue reading
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We at HMB are proud to announce the launch of our own Hard Money Bankers app for the iPhone. You can find it in the App Store by searching “hard money”. Or scan the QR code on the left. The …
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So I am a couple hundred pages into the Steve Jobs biography recently written and released by Walter Issacson. Check out the book here. It is a very interesting read and I’m sure I’ll learn many important things from it …
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Bill Posey (R-Fla.) has introduced H.R. 1526 in the U.S. House of Representatives. Under the proposed law, early distribution penalties would be waived on qualified retirement plans IF the funds are used to buy a house that has been in …
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