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Firefox for Real Estate

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You’re probably already familiar with browsers like Internet Explorer or Netscape… or even the built in browser in AOL if you use AOL.

But, you may have never even heard of “FireFox”. It’s a great organizational tool for your business in that it’s a browser that uses a tab system (similar to the new Internet Explorer interface).

Save different tab sets for different purposes. For instance, if you regularly research a handful of websites for new properties for sale, you might have one tab set entitled “Finding Properties”. Then, let’s suppose you follow several educational blogs (like Continue reading →

Reduce Your Chances of An IRS Audit

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3 Simple IRS Audit-Reduction Tips… AVOID E-File! It was created to audit you better, more efficiently, cheaper. A former IRS commissioner called it, “State of the art auditing”. Using E-file is like putting your head in the mouth of an alligator, whose name is “IRS”! Instead file the computerized paper forms and mail them, making it more difficult for the IRS.

NOTE: Recent legislation states after December 31, 2010 (2011 on) returns are mandated to be filed electronically by most tax preparers.   Continue reading →

Classified Ads for Real Estate

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Let’s get right to the point here!

Classified ads work IF YOU DO THEM CORRECTLY!

There are hundreds of classified ads in any of your publications on a daily basis. Most of them look identical to one another and don’t do anythingto grab the attention of your prospects.

Your only goal in marketing is to get apotentially motivated seller (or buyer) to contact you. Nothing else! (Despite what some say).

Just as in any training that I do on marketing, I will tell you Continue reading →

Following A System…

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Recently, we had a guest expert on our Interviews with the Expert series. The topic was investing in land. (Here’s the webinar link in case you want to check it out).

During the webinar, I had kind of an “aha” moment and I decided to do a “challenge”.

I was going to take Jack’s system (Note: I had NEVER gone through the materials personally prior to this) and implement it. My goal was to get a parcel of land under contract in 30 days or less.

Here’s What I Did…

I committed to spending 60 minutes/day on the system. Continue reading →

Short Sale Attorney

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More and more investors and real estate agents are using attorneys and negotiators to get their deals done.

It’s the perfect answer to the “I don’t want to deal with banks and short sales” issue. OR IS IT?

If you are a homeowner trying to get a short sale approved on your home, whether you’re a homeowner or an investor, you might want to think twice about the hands-off negotiations. There are far too many people that over promise and under deliver. Continue reading →

Happy Memorial Day…

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A Tribute to the men and women that have served and sacrificed for each and every one of us…

I found this video on Youtube and spent a few moments in silence thinking about the men and women I’ve personally known – and the many millions that I have not known – that have fought on foreign lands for our freedoms. I also thought of the next generation getting ready to head overseas and my thoughts and prayers are with them…

Thank you for serving our country and preserving our freedoms… the very rights we have that allow us to build our businesses and live the American Dream. Continue reading →

Short Sale Package

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There’s good news and bad news about short sales!

The good news is that if you can follow a checklist, you can submit a short sale package to the lender.

The bad news is that the checklist of documents can be daunting to say the least!

The best advice is to contact the lender prior to submitting your package to get their list in the event they have additional requirements, want specific components on their paperwork/letterhead, etc. Each lender is different, so it pays to take a few minutes up front to get Continue reading →

Flipping Houses: How to Evaluate Any Deal In 10 Minutes or Less

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When you’re flipping houses, it’s critical to be able to evaluate deals quickly and effectively.

One of the most important characteristics of successful real estate investors is their ability to take fast – and massive – action. And the one thing that holds people back in real estate is FEAR of taking the wrong action! In the next step, I’ll cover how to create RISK FREE contracts 100% of the time that actually get accepted, so no worries there… but for now, understand that you have to be able to quickly evaluate deals or else someone else is going to snatch up all the really good deals before you have a fighting chance.

So, for right now, I’m going to cover Continue reading →

Before You File Your Corporation or Limited Liability Company (LLC): 5 Things to Consider!

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POINT # 1: Many investors believe that they can create a limited liability company (LLC) or file a corporate charter with the state and always have liability protection. This is SIMPLY NOT TRUE. The truth is that each of these business entities (the LLC, the corporation and even the limited partnership) require certain key steps after the structure is created. I always like to compare business entities to a fancy Italian sports car or a new baby…they WILL DEMAND PROPER CARE AND FEEDING!

They are fun on the first day, but you had better know how to maintain Continue reading →

Understanding Corporations, Limited Liability Companies (LLC’s) and Limited Partnerships

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The best way to understand a corporation, limited liability company (or even a limited partnership) is to realize that each creates a special legal relationship or privilege between the business owner(s) and the government. These areas of government include:

1. State Government (including state taxing authorities and the state court system)
2. The Federal Government (specifically the IRS and the Bankruptcy court system)

You may be saying, alright Darius, I still don’t understand what you mean by a relationship or privilege. The best way that I can put it is this:

A business entity is a legal relationship which allows for certain privileges. Continue reading →