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: 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: 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…
1 Comment
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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Posted by: Ian on 09/10/09 at 4:52 PM
Posted in: Real Estate Negotiation
I think every successful real estate investor has had some problem or been broken at some time. People have tried to stick it to us many times. So we are so appreciative to meet good, honest people. When you meet a successful investor and earn their confidence, I’ve found they are some of the kindest, most generous people around.
The first time that I really had a bad experience in the real estate business, it originated out of trying to help somebody. more…
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Posted by: Ian on 08/18/09 at 11:53 AM
Posted in: Investing
I just turned 23, have a masters in accounting, will soon have a CPA, and am going to work for a big 4 accounting firm in a couple months.
I’ve always had a passion for real estate, but really just don’t know about how to get into it. I’ve spotted an excellent opportunity to make money in the most sought after area in St Louis, MO. How does somebody my age with no money go about obtaining a multi-million dollar loan?
Thanks,
Brandon
Congratulations on your achievements, and thank you for considering my advice.
It’s interesting to me that four months prior to taking a job, you are already looking for another source of income. Wouldn’t it be exciting if in the next four months your real estate investment endeavors resulted in your financial independence? more…
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Posted by: Ian on 08/11/09 at 4:36 PM
Posted in: Investing
Hi Ian, after all your education and experience and knowing what you know now, if I dropped you off in Anytown, USA and you were equipped with only your knowledge real estate what would you do to get your real estate started in that town? Hugh Hill
Thanks for your question, Mr. Hill. It reminds me of one of my favorite television programs, “Man vs. Wild.” Every episode, Bear Grylls (survivalist, mountaineer) is dropped out of a helicopter to find his way back to civilization while surviving with just a flint and a water bottle or sometimes less. Using his skills and training, Bear makes the impossible look easy and even fun – just like real estate investing is for me.
So, “what is the safest and fastest way to generate real estate income?” Will what have I learned in my lifetime growing up in the business that will empower me not only to survive, but to thrive in anywhere, anytime? Well here we are at 6,000 ft. Goggles? Check. Chute? Check? Contracts? Check. 1-2-3 JUMP…
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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.
