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Broke Don’t Mean You’re a Real Estate Joke

Broke Don’t Mean You’re a Real Estate Joke

Here’s the good thing about being down and out. You learn. You learn to adapt, you learn to fight for survival, and if you’re smart, you learn how to talk to people into getting what you want. That’s called negotiation my friends. Being broke is no exception. That’s not to say when you’re broke you don’t wish you had a fist full of dollars to wipe your ass with, but when your piggybank... [Read more]

Use Your IRA Now to Invest in Real Estate

Use Your IRA Now to Invest in Real Estate

We’re told time and again not to touch our retirement money, to let it grow bigger and bigger like Jessica Simpson (damn, that’s one big-as-a-house pregnant woman!). But what if tapping into your IRA to invest in real estate can make you big bucks now? I say “go for it”. Lots of Americans are renting, because they’re not one of the few elite chosen by the bank to receive a mortgage. In turn,... [Read more]

House Before and After. Rolling Thunder

House Before and After. Rolling Thunder

Well, here it is – the next installment of “home extreme makeover” by Craig Fuhr. And yes, a little ‘ode to AC/DC. Who do you love more, Bon Scott “Highway to Hell, or the other guy who sand on all the rest of AC/DC’s albums? Truth be told, I’ve been laying low since selling my last two rehabs in December and January. Not gonna lie, sometimes just sitting back... [Read more]

Some Call It Wholesaling Real Estate, I Call It House Flippin’

Some Call It Wholesaling Real Estate, I Call It House Flippin’

Wholesaling real estate is an investor’s best dream. Talk about passing the buck and reaping the rewards while someone else does all the work. Here’s the beauty of wholesaling real estate; you get the property under contract, make a quick payday, then pass it on to another buyer who will close and do all the work – and if you follow a few simple rules, your wallet should gain a few lbs. Best... [Read more]

Rookie Real Estate Investors: Be on the Look Out for These 3 Mistakes

Rookie Real Estate Investors: Be on the Look Out for These 3 Mistakes

You’re all wet behind the ears “and all what not,” and new to the real estate investment game, and you’re probably wondering what are the typical rookie real estate investor mistakes? What you should really be asking is, “How can I avoid making those mistakes?” In your defense, you need to recognize (you betta recognize) the mistakes first before you can avoid them, and you need... [Read more]

Bank of America = Rentacenter

Bank of America = Rentacenter

Some might consider homeowners facing foreclosure (especially in Arizona, Nevada, and the Big Apple) the luckiest sons-a-bitches on earth. Or are they? Bank of America is now offering a select few homeowners who are about to go toe-to-toe with foreclosure the chance to stay in their homes – but as tenants. I call it Rent-A-Center housing. They call it, “Mortgage to Lease.” Some feel the chances... [Read more]

What Should I Pay for That Crappy House?

What Should I Pay for That Crappy House?

You wanna buy a house, and you want to make a profit. But how do you know what price is right? Ask Bob Barker? C’mon, I love Bob but he’s ancient! You’ve got to have a winning investment formula. For you veterans, this info is older than your Grandma’s pound cake recipe. Newbies…. check it out – I’m about to drop some mad rocket science on you: MAO = ARV – Rehab... [Read more]

What Is Equity? Oh, Its Not Important.

What Is Equity? Oh, Its Not Important.

I love the guys at TBWSdailyshow.com. Frank and Brian are middle-aged, a little doughy in the mid-section, and always chock full of good solid, and highly entertaining info. They’re the kind of guys you’d love to have a beer (or 7) with….kinda like me. WHAT IS EQUITY? Equity in terms of real estate is defined as: the difference between the value of the property and the amount the... [Read more]

Does Real Estate Need an Ethical Ass-Whipping Every Now & Then?

Does Real Estate Need an Ethical Ass-Whipping Every Now & Then?

You’ve seen the short line at the Target. You avoid it, because surely there must be something wrong with it – like the lady who wants to pay with a check? (Who the fetch uses checks anymore?). Then unlike the rest of the suckers in the long line, you realize there ain’t a damn thing wrong with the short line. But when it comes to real estate ethics, should you get in the short line, or... [Read more]

More Foreclosures Are Coming. Ready?

More Foreclosures Are Coming. Ready?

All this talk about a lack of inventory. If I read another story about, “Where are all the foreclosures,” I’ll puke. The REO’s are out there people. They’re coming. Question is….when the shit really hits the fan, will you be standing there with a wash-cloth or an umbrella? (I have no idea what that means….just roll with me.) MORE FORECLOSURES ARE COMING?... [Read more]