Preparing Yourself for Real Estate Investing Success in 2009

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I thought it would be an appropriate time to reflect on 2008 in order to prepare for 2009. And what better way than to do a self-analysis . . . a personal inventory of your results from this past year. I have taken an excerpt from the business classic, “Think and Grow Rich,” by Napoleon Hill, to help you out.

I recommend setting aside sufficient time to ponder the questions below and to write down your responses.

“Annual self-analysis is an essential in the effective marketing of personal services, as is annual inventory in merchandising. Moreover, the yearly analysis should disclose a decrease in faults, and an increase in virtues. One goes ahead, stands still, or goes backward in life. One’s object should be, of course, to go ahead. Annual self-analysis will disclose whether advancement has been made, and if so, how much. It will also disclose any backward steps one may have made. The effective marketing of personal services requires one to move forward even if the progress is slow.

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Tags: creative real estate investing, Personal Development
Posted in Business Management Systems and Tools, Personal Development, Tips and Tricks | No Comments »

Free Real Estate Investing Teleconference Call Download

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Merry Christmas from everyone here at Must Know Investing!

We just recorded our monthly teleconference call for our real estate investing mentoring program, and being in the Christmas spirit, decided to give it away to you for free. Every month, Dusty and I choose a different topic to cover for our students like buying and selling on lease options, advanced asset protection strategies, financing strategies in today’s market, how to wholesale like a pro, and much more.

This month, our call was, “Secrets to Being a Great Marketer in your Real Estate Investing Business.”

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Tags: creative real estate investing, Marketing, real estate investing, real estate marketing
Posted in Marketing | No Comments »

What Every Real Estate Investor Should Know About Timing the Market

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In today’s post, Julie Broad of RevNYou is going to share what every real estate investor should know about timing the market.

Christmas gatherings at the Broad household always mean at least one competitive game of Monopoly is on the agenda. We’re a family of real estate investors, and it’s not just about pride, it’s about proving our real estate investing prowess.

Monopoly, the game, holds few similarities to real estate investing in the real world. But, the big secret to gaining a serious advantage in Monopoly is the same secret to winning in real life real estate investing, and it has everything to do with timing.

You want to buy as much real estate as you can, as early on in the game (or in your life) as possible . . . which means, the best TIME to buy real estate is ALWAYS now.

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Tags: real estate investing, Real Estate Investment Buying Strategies, timing the market
Posted in Real Estate Investment Buying Strategies, Tips and Tricks | 4 Comments »

Creative Real Estate Investing Questions from the Blog

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If you ever have a burning creative real estate investing question that you NEED answered, all you have to do is click the Ask the Expert link. Please don’t take offense if you send us a question, and we do not get back to you. Just submit it again. We get a ton of emails and do the best we can.

I thought I would answer a couple questions that have come in recently.  Sooooo, here we go . . .

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Hi Patrick,

I am here in Detroit, Michigan which is a potential goldmine. Houses that were selling 1 year ago for 100,000 or more are selling in some cases for $10,000 or less (in good neighborhoods). I have a lot of Customers that want to buy these houses but lack the cash to do so. We have a small but picky group of private investors my business partner found when I met him. I have been unsuccessful in finding investors of my own. What would be the best way to attract private investors in the above scenario? What do you think?

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Tags: creative real estate, creative real estate investing, Private Lender, Private Money, real estate investment financing, Real Estate Investment Financing Strategies
Posted in Real Estate Investment Financing Strategies | 1 Comment »

Real World Real Estate Investing Audio Interview

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I was recently interviewed by J. P. Moses for a series he is doing with real world real estate investors. He wanted to get good view of what kind of deals I’ve been doing, what’s working, what’s not, and the lessons I’ve learned along the way.

J.P. is an active investor and blogger. He’s very knowledgeable, experienced, and connected in the real estate investing world. If you haven’t already, make sure to check out his real estate investing blog. It’s full of some great content and resources.

The majority of the interview is a break down from start to finish of two deals, 3015 Morningdale and 1972 Teakwood. I go over exactly how the leads came in, the seller’s motivation, how the deals were structured, and the exit strategies. And I throw in some key lessons that every real estate investor should always keep top of mind. Before we get into the intricacies of the deals, I give a little background on how I got started investing and what’s going on in the current market.

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Tags: audio, creative real estate investing, flipping homes, lease options, real estate investing, real estate investing interview
Posted in Business Management Systems and Tools, Marketing, Real Estate Investment Buying Strategies, Real Estate Investment Financing Strategies, Real Estate Investment Selling Strategies, Tips and Tricks | 1 Comment »