Posted by: Ian on 03/4/10 at 5:31 PM
Posted in: Uncategorized
 For many working Americans, success—the ability to live life how you wish—might seem far away from the daily work routine. But the ability to sustain your current standard of living without a job, IS attainable. It’s called financial freedom, and it’s entirely up to you. This article will provide you with a helpful map to reach your real estate income goals.
What is the difference between a common wage earner and a first generation real estate millionaire? Why do some people “make it big” while others only dream of success? Most of the time, “dreamers” fail in their attempts for success because of a combination of poor planning, lack of knowledge, and failure to follow a plan.
Dreamers are like fledgling hikers trying to reach a distant mountain peak. Although they can see the peak far above the trees, they get turned around and lose their way when they try to reach the summit. Sadly, most dreamers quickly give up. Once upon a time I was a dreamer, but I found a way to summit my mountain peak. more…
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Posted by: Ian on 02/16/10 at 1:03 PM
Posted in: Taxes
All real estate owners are required to pay property taxes, but most are paying more than their fair share. A few savvy owners, however, are saving thousands by appealing their property taxes. Of the 1% of real estate owners who appeal, more than 80% are successful in having their property taxes reduced.
In Baltimore City, it is especially important to understand the assessment process because tax rates are more than DOUBLE the rates in other counties. For example, in Anne Arundel, Harford or Baltimore County, an owner of a $100,000 property currently pays between $1,200 and $1,500 in taxes each year. In Baltimore City that same house would have a tax bill of $2,400! Here are some important facts you should know about appealing your taxes: more…
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Posted by: charles on 12/15/09 at 8:40 PM
Posted in: Investing
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A well-written real estate contract of sale is like a Picasso. Simple, yet complex. Just as a painting speaks for the artist and conveys meaning to viewers, a real estate contract speaks for the parties and directs agents, the title company, lawyers, and perhaps a judge in a court of law.
The “Skinny Contract” I have been using to control millions of dollars in real estate over the last 30 years is a simple, one-page document. The “standard” Realtor contract of sale is 40 pages intended to protect homeowners, but largely unnecessary scribble-scrabble for use by investors. Though “skinny,” every one of my contract clauses is as deliberate as a brushstroke.
To paint your contract for real estate investment profit, you need to learn the right techniques. You need a palette of clauses to choose from, mastery over every word, and understanding of what each is designed to accomplish. With practice and guidance from a master, your contract of sale can be a valuable work of art – a product of your creativity, your imagination, your motivation, your inspiration. It can be your gateway to equity and cash profit.
As you practice your contract “painting” lessons, consider more… |
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Posted by: Ian on 12/15/09 at 8:14 PM
Posted in: Investing
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10 Effective Real Estate Marketing Strategies
Today, even time-pressed homeowners can sell their property quickly using simple marketing methods that are often overlooked. With a friendly title company to write up and record the transaction, selling real estate can be fast, easy, and inexpensive.
Typically, people sell real estate by: 1) hiring an agent, 2) hiring an auctioneer, or 3) selling the property themselves. But more important than who sells the property, is how the property will be marketed best. The key to selling anything is to make the public aware of the opportunity. Consider the following creative marketing methods to best market your properties:
1. Prepare a Flyer
The first step is to create a detailed flyer about the property. Your flyer should display a picture of the property, its address, your contact information, and all positive attributes and potential benefits. Include specifications such as bedrooms and baths, heating, cooling, plumbing, electric, windows, roof, upgrades, zoning, proximity to landmarks and schools, and any special incentives or warranties. Tape an envelope full of your flyers to the front door and distribute them to potential buyers.
2. Price It to Sell
Given holding and opportunity costs, there is a time value of money. Instead of waiting for top price, take advantage of the time value of money by establishing a price at or slightly below market. To determine market value more… |
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Posted by: Eric on 11/11/09 at 6:27 PM
Posted in: Real Estate Mentoring
In the video below, Charles makes a phone call on behalf of a student who sent out a mailing. Charles makes a successful “trial offer” to negotiate $100,000 off her original asking price, along with some interesting discussion about the…”peculiar” habit of one of her tenants (you’ll have to watch the video).
One of the secrets overlooked by many aspiring and experienced real estate investors is to have fun and to not take anything too seriously, including yourself. If you can make an activity fun, you’ll look forward to it more, put out more positive energy, and have more success!
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Posted by: Eric on 10/16/09 at 11:17 AM
Posted in: Auctions
In the video below, Auction Brokers CEO Charles Parrish and his team showcase another example of using creativity to consistently sell properties in a buyer’s market.
When the crowd was reluctant to bid, Charles shows why he is known as the “Ben Franklin of Real Estate” by breaking out a new technique he invented: “Bidder Bonus Tme”.
By having an auction company on your team, you can your sell properties quicker with less hassle. If you have questions about the Auction method of marketing call Auction Brokers at 410-426-2622, or take the course “1-2-3 SOLD! How to Profit from Real Estate Auctions” today!
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Posted by: Ian on 10/1/09 at 2:41 PM
Posted in: Websites
Ian,
I have been contemplating establishing a Web site for my real estate investment business for the purpose of generating leads for sellers, buyers, and financial partners. I wanted to know if this is something that you do. If so, what has been your experience?
(Aaron Davis; Baltimore, MD)
Hi Aaron,
There are two good reasons to have a Web site for your real estate investing business: Branding and Lead Generation. Let’s take a brief look at how a Web site can best be used for each. more…
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Posted by: Ian on 09/14/09 at 10:31 AM
Posted in: Marketing
Hello Mr. Parrish. I watched the online videos already today! Great Job! I do want to ask one question….as I market toward my motivated sellers….while watching the videos….would it wise to get a toll free number (800, 888, etc) or do you just give out a cell phone number? I have heard also of people getting ”live receptionists” to take calls as well? Thank you, and hope to meet you soon!
Manny Branco more…
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For many working Americans, success—the ability to live life how you wish—might seem far away from the daily work routine. But the ability to sustain your current standard of living without a job, IS attainable. It’s called financial freedom, and it’s entirely up to you. This article will provide you with a helpful map to reach your real estate income goals.
