Don’t even try to guess what the next big winner will be in the health care sector. Nobody knows which pharmaceutical company will come up with a blockbuster drug. Or which insurance company will benefit most from the new health care bill. But you can make big profits by betting on just one thing: that the [...]
By Steve Sjuggerud | Tue, Nov 23, 2010
Ten thousand a month... That's how many foreclosures Palm Beach, Florida-based GMAC employee Jeremy Stephan was required to sign off on. His signature confirmed that the paperwork was in order, kicking off the foreclosure process.
By Julie Broad | Fri, Mar 5, 2010
One of the mistakes many new real estate investors make is thinking they got a good deal just because they managed to purchase a property for less than list price. Don’t confuse list price with property value. In many cases, list price is just the wish price of the seller or some lofty value a realtor [...]
By Michael Masterson | Thu, Dec 3, 2009
When buying a property, many people completely overlook transaction costs. These include:
By Julie Broad | Fri, Jul 31, 2009
I grew up in a small farming town in Alberta, Canada. For 17 years, I was surrounded by farmers – and I never met a single one who’d even consider eating his seeds instead of planting them. They just wouldn’t do it. Neither would they harvest a crop early. Yet that’s what many real estate investors [...]
By Julie Broad | Tue, Jul 28, 2009
When negotiating to buy a property, I increase my chances of getting the exact deal I want by giving the seller options. One way I do it is by negotiating the financing terms I want at the same time as I negotiate price. Let’s say I wanted to buy a certain [...]
By Julie Broad | Thu, Jul 2, 2009
My brother is a talented carpenter. Before becoming a carpenter, he was an amazing chef. He is also extremely good at repairing and rebuilding cars. In fact, he’s good at anything that requires patience and attention to detail. Except, that is, when it comes to his finances.
By Julie Broad | Wed, Jun 17, 2009
Years ago, I spent several months backpacking around Guatemala. As my Spanish improved, I enjoyed going to markets to bargain for Mayan souvenirs or fresh fruit. My goal was to pay the same price as a local. I was having fun playing this little game until my new Australian friend witnessed me in action, bargaining for a beautiful hammock. As I was walking away because the vendor wouldn’t lower her price a little more, my friend said, “You realize that you are getting all worked up over what is about 10 cents. At home, you would pay 50 times that much for a hammock like that, so this is a great deal.”
By Julie Broad | Fri, Jun 12, 2009
Have you ever been walking down the street – focused on getting somewhere in record time – only to stop dead in your tracks when you spot a penny and are tempted to stoop down to pick it up? That’s not the only way we allow low-value objects, goals, or priorities to distract us from more [...]
By Julie Broad | Fri, Jun 12, 2009
By Julie Broad When you think about real estate investing, my guess is that you don’t immediately think “direct marketing” as well. But direct-marketing skills are essential to almost every aspect of real estate investing… from finding motivated sellers… to buying a property… to finding your ideal buyer… and more. In fact, mastering direct marketing can [...]
By Christian Hill | Fri, Apr 1, 2011
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