It is the forecaster’s prerogative to revise the outlook. And whether it’s the weather, a flight arrival or the economy, the closer we are to the event, the clearer the forecast becomes. Recent turmoil has prompted sizable changes to the near-term economic outlook. What are pundits now saying? See the full EDC article
August 5, 2008
Forecasters are sharpening their pencils (edc)
August 4, 2008
Online Real Estate Resources from Charrissa Cawley
Charrissa Cawley provides an absolute download of Internet-based resources on her teleseminar call with Larry Goins. Here are some website resources from her 10 step success system:
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1. Locate Properties 2. Research Properties comparables & tax info rent research 3. Inspecting Properties 4. Analysis (details on teleseminar) |
5. Negotiate (details on teleseminar)
6. Buy it Right (details on teleseminar)
7. Rehabbing 8. Getting Appraised 9. Refinancing (details on teleseminar)
10. Sell or exchange rent/sell advertising |
August 2, 2008
10 Commercial real estate terms you should know
Whether you own or rent your office space, property costs are one of the largest business overhead expenses. That’s why it’s important to comprehend the full ramifications of taking over the title to a property or entering into a lease agreement. Before you sign a lease, work with a commercial real estate broker with a proven track record, and consult with an attorney skilled in real estate law. You should also familiarize yourself with some common real estate terms (excerpt from www.allbusiness.com) … click this for more details.
July 31, 2008
Selling to Uncle Sam
The U.S. federal government is going to spend over $450 billion this year. In other words, the world’s biggest customer may want to buy something you have to sell. Up to the challenge? Download the latest CanadExport podcast to hear if Uncle Sam is for you. Click this for more info. (CanadExport)
Buy Low, Rent Smart, and Sell High…
Andy Heller is noted for his climb from the pre-foreclosure phase of his real estate investing career and has furthered his efforts to the bank REO (Real Estate Owned) properties. In his teleseminar, he highlights the 6 sources of profit related to his system of acquiring REO’s, renting, and selling down the road.
Click here for his biography and other links related to Andy Heller. Also, here is a quick link reference to leading REO websites:
- HomeSteps (Freddie Mac)
- Fannie Mae
- Ocwen
- Bank of America
July 30, 2008
A Business Structure That Doubles/Triples Online Profitability
Perry Marshall highlights Matthew Gillogly in his free 21 page E-Book, Matt discusess how coaches can use the same advanced income explosion methods to dramatically multiply existing profits–AND– how to create new and predictable revenue streams without giving up your precious personal time.
Letter of Intent – Binding or Non-Binding (SBB)
The primary reason for a Letter of Intent (sometimes referred to as a “Letter or Understanding” or “Memorandum of Understanding” or “Agreement in Principal”), is to get the “ball rolling” and provides some measure of commitment between the parties. It is often used to state in writing the price, terms and understandings of the transaction.
A letter of intent is usually intended to be non-binding. However, a letter of intent may be determined to be binding under certain circumstances.
- If a letter of intent is non-binding, it must clearly state that it is “non-binding”.
- The letter of intent should be as brief as possible. It’s better to include just enough details to cover the basics.
- Verbiage such as, “agree to bargain”, “make every reasonable effort”, “proceed in good faith” may be determined to create a binding agreement.
- If the letter of intent includes a Confidentiality Clause/Agreement, it may be ruled as binding. A Confidentiality Agreement, separate from the Letter of Intent, should be executed between the parties.
For the full article from School of Business Brokerage, please click this.
July 29, 2008
Kenny Rushing’s Top 10 Real Estate Secrets Exposed
Now take a look at Kenny. He will take away all of our excuses with the power of the Internet. His rise to success in real estate raises the bar as his blog walks us through the snakes and the scenarios related to real world investing.
Also featured, Tim Mai gives his illustrative video thumbs-up to Kenny’s format of the 100 mistakes that he shares with the world (for a mildly nominal fee). Kenny`s policy of transparency in wholesaling, dealing with rehabs, commercial acquisition, home & land separation, and working with private lenders is all accessable to us in a nice, concise, time-efficient video format… check out his blog if you have ever wanted the short version of a long process…
Ten Things You Must Know Before You Invest…
This blog showcases the Real Estate Goddess Vena Jones-Cox and her Ten Things You Must Know Before You Invest One Dime in Real Estate. Vena is renouned for her wholesaling and is showcased on REI Club and Larry Goins websites… as well as her show on WKNU radio.
Check out a storehouse of her website page with the links to her real estate MP3 compilations that she has built over time. Vena is hosting the Hands-On Wholesaling Academy. Vena even offers to sponsor your hotel stay if you can commit fast enough!
Here’s other real estate goddess resources:
3 Good Reasons to Avoid Over-financing (Short)
3 Great Reasons to Avoid Over-Financing (Long)
5 Things I Wish Someone Had Told Me Earlier
Are There Good Deals in a Hot Market
Can I Wholesale in a Small Town
Deal-Finding Strategies, The Good, The Bad, and The Ugly
Ethics in Real Estate Investing
Fair Housing Q&A
Fair housing threat
Flipping Q & A
How do I overcome Paralysis of Analysis
How Much Does a Renovation Cost, Anyway (Short)
How Much Does a Renovation Cost, Anyway (Long version)
How Successful Can I Be
How to Deal with Prospective Tenants
How to Find MLS deals
If I want to Invest in Real Estate, Should I Become an Agent
Jim Johnson, Last Surviving Landlord in the United States, Dead at 101
Life Estate
Life Estate (long)
Nine Characteristics of Successful Real Estate Investors
Phony Financing Fetches Fat Fines
Private Lenders
Safety First
The Danger of Refinancing
The Latest in Lead Paint
The Rime of the Delinquent Renter
What to do about a defaulted mortgage
What to Do When You Can’t Find a Wholesale Buyer
What’s the Best Way to Find Deals
What’s the Difference Between a Lease-Option and a Land Contract
Wholesale vs Illegal flip
Why are 4 families Overpriced
Why Banks do Short Sales
July 22, 2008
Investment in non-residential building construction
Rising construction prices contributed significantly to a 0.9% increase in current dollars in investment in non-residential building construction in the second quarter of 2008.
Investment reached $10.5 billion between April and June as the increase was led by spending on medical facilities and office buildings.
However, after taking into account higher construction prices, investment in non-residential construction declined 3.7% in 2002 constant dollars. (StatCan) See The Daily for complete article.
